3404 American # 2117, Lago Vista TX 78645

The market data from 7 similar recent sales in 78645 points to a value of approximately $221,788. To sell within a reasonable timeframe at fair market value, the $259,000 to $266,000 range is where I'd position this. In the current 78645 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 400 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.15 acres, the lot is smaller than the 0.28 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in 78645, ranging from $199,000 to $265,000. In 78645, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 3404 American DR # 1201, Lago Vista TX 78645, adjusting to $266,400; a strong comparable. 7 comparable transactions in 78645 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group