Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $256,336. I'd recommend coming to market at $157,000 to $167,000 to strike the right balance between value and market velocity. In the current HIGHLAND LAKE ESTATES market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Being 315 sqft smaller than the average comparable sale in this area impacts the per square foot value. Buyers in HIGHLAND LAKE ESTATES have 7 comparable options right now, with asking prices between $144,000 and $375,000. The trend in HIGHLAND LAKE ESTATES shows prices have risen 1.3% in the past 6 months. 2612 American DR, Lago Vista TX 78645 nearby adjusts to $238,528; with a larger floor plan. Based on 5 relevant data points in HIGHLAND LAKE ESTATES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
