The market data from 6 similar recent sales in HIGHLAND LAKES ESTATES points to a value of approximately $288,282. To sell within a reasonable timeframe at fair market value, the $306,000 to $342,000 range is where I'd position this. With 7 comparable homes on the market in HIGHLAND LAKES ESTATES, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. With 7 similar homes currently listed in HIGHLAND LAKES ESTATES (a buyer's market), competition is a factor to consider. In 78645, home values have fallen approximately 6.5% over the past 6 months. One of the strongest data points is 21711 Crystal WAY, Lago Vista TX 78645, adjusting to $306,353; 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
