3404 American DR # 1101, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $259,073 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $217,000 to $227,000. Buyers shopping in ISLAND right now would see this as a well positioned option among 3 comparable homes. This home's smaller footprint (611 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.14 acres versus 0.27 for the typical comp. 3 similar homes are currently available in ISLAND, creating a buyer's market for this price range. Market data shows ISLAND prices risen 28.8% over the last half year. The closest comparable sale, 3404 American DR # 3315, Lago Vista TX 78645 at an adjusted $279,509, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ISLAND. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group