21559 LAKEFRONT DR, Lago Vista TX 78645

The estimated value of this property is $1,001,089, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,370,000 and $1,399,000. Against 7 similar active listings in 78645, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (1,235 sqft vs the comp average) plays a role in how the market prices it. Built in 1986, this home is 20 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78645 (a buyer's market), competition is a factor to consider. Recent trends in 78645 show home values have fallen 1.9% since 6 months ago. The most comparable recent sale is 20802 & 20804 Mccormick CV, Lago Vista TX 78645, with an adjusted value of $740,350; with a smaller floor plan. Based on 7 relevant data points in 78645, 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