3404 American DR # 1217, Lago Vista TX 78645

After reviewing 7 recent transactions in ISLAND, I estimate this property's value at $229,076. A competitive list price for this home right now would fall in the $247,000 to $272,000 range. This would position the home competitively among 3 active listings in ISLAND. The smaller floor plan (295 sqft compared to the average comp) is a meaningful differentiator in this price range. 3 similar homes are currently available in ISLAND, creating a buyer's market for this price range. Prices in ISLAND have risen 28.8% over the last 6 months. A similar home at 3404 American DR # 2302, Lago Vista TX 78645 carries an adjusted comparable value of $246,516, providing a strong data point. 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