The market data from 3 similar recent sales in HIGHLAND LAKE ESTATES points to a value of approximately $357,186. To sell within a reasonable timeframe at fair market value, the $350,000 to $364,000 range is where I'd position this. In the current HIGHLAND LAKE ESTATES market with 0 similar homes available, this price represents no active comparable homes on the market. Being 306 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.24 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 $375,224; a strong comparable. 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
