3404 American DR # 1315, Lago Vista TX 78645

My analysis of 7 comparable properties puts this home's estimated value at $290,476. Based on how the local market is moving, a list price between $135,000 and $145,000 would position this home well. This would position the home competitively among 6 active listings in ISLAND. At 315 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.20 acres versus the area average of 0.27) contributes to the valuation. Right now, 6 similar properties are competing for buyers in ISLAND, listed between $145,000 and $374,000. The 6 month price trend in ISLAND: risen 28.8%. The best comp here is 3404 American DR # 3315, Lago Vista TX 78645 at an adjusted value of $334,761, a strong comparable. 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