Reviewing the most recent comparable transactions, this home's market value falls around $438,274. For a well positioned listing in 78645, I'd target the $425,000 to $451,000 range. In the current 78645 market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The larger floor plan (228 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.29 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. The active market in 78645 includes 4 comparable homes priced from $459,900 to $589,500. Recent trends in 78645 show home values have fallen 8.1% since 6 months ago. The most comparable recent sale is 4102 Glendale LN, Lago Vista TX 78645, with an adjusted value of $356,694; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
