3404 American DR # 1121, Lago Vista TX 78645

My analysis of 7 comparable properties puts this home's estimated value at $247,298. Based on how the local market is moving, a list price between $240,000 and $255,000 would position this home well. Relative to what's currently available in ISLAND, this home would be below the only comparable home currently on the market. The 796 sqft size difference versus comparable sales is reflected in the adjusted values. The smaller lot (0.11 acres versus the area average of 0.27) contributes to the valuation. There are currently 1 similar homes on the market in ISLAND, ranging from $270,000 to $270,000. The 6 month price trend in ISLAND: risen 28.8%. The best comp here is 3404 American DR # 2302, Lago Vista TX 78645 at an adjusted value of $227,050, with a larger floor plan. With 7 comparable sales in ISLAND, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group