The market data from 3 similar recent sales in HIGHLAND LAKE ESTATES points to a value of approximately $345,396. To sell within a reasonable timeframe at fair market value, the $338,000 to $352,000 range is where I'd position this. Against 0 similar active listings in HIGHLAND LAKE ESTATES, this price point lands at no active comparable homes on the market. At 0.21 acres, the lot is smaller than the 0.28 acre comp average, which factors into pricing. In HIGHLAND LAKE ESTATES, home values have fallen approximately 2.6% over the past 6 months. One of the strongest data points is 21203 Santa Rosa Ave, Lago Vista TX 78645, adjusting to $358,438; with a larger floor plan. The 3 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
