The market data from 6 similar recent sales in HIGHLAND LAKE ESTATES points to a value of approximately $369,730. To sell within a reasonable timeframe at fair market value, the $374,000 to $395,000 range is where I'd position this. Against 4 similar active listings in HIGHLAND LAKE ESTATES, this price point lands at the 2nd least expensive of 4 comparable homes on the market. Current inventory shows 4 comparable homes in HIGHLAND LAKE ESTATES; a buyer's market based on recent absorption. In HIGHLAND LAKE ESTATES, home values have risen approximately 3.2% over the past 6 months. One of the strongest data points is 21424 Santa Rosa Ave, Lago Vista TX 78645, adjusting to $395,000; 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
