After reviewing 3 recent transactions in HIGHLAND LAKE ESTATES, I estimate this property's value at $657,466. A competitive list price for this home right now would fall in the $519,000 to $529,000 range. This would position the home competitively among 7 active listings in HIGHLAND LAKE ESTATES. This home's larger footprint (150 sqft vs the comp average) plays a role in how the market prices it. At 5 years newer than typical comps, the 2016 build date influences the valuation. With 7 similar homes currently listed in HIGHLAND LAKE ESTATES (a buyer's market), competition is a factor to consider. Prices in HIGHLAND LAKE ESTATES have risen 1.3% over the last 6 months. A similar home at 3311 Boone DR, Lago Vista TX 78645 carries an adjusted comparable value of $665,338, providing a strong data point. With 3 comparable sales in HIGHLAND LAKE ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
