3404 American DR # 2105, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $280,773 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $224,000 to $234,000. Relative to what's currently available in ISLAND, this home would be the most expensive of 3 comparable homes on the market. At 474 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.17 acres versus 0.27 for the typical comp. Current inventory shows 3 comparable homes in ISLAND; a buyer's market based on recent absorption. 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 $313,389, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus