3404 American DR # 2300, Lago Vista TX 78645

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $257,171. Pricing this home between $267,000 and $272,000 would put it in the competitive sweet spot for ISLAND. This pricing would rank the home as the most expensive of 2 comparable homes on the market in ISLAND's current inventory. The 691 sqft size difference versus comparable sales is reflected in the adjusted values. The smaller lot (0.13 acres versus the area average of 0.27) contributes to the valuation. There are currently 2 similar homes on the market in ISLAND, ranging from $239,000 to $270,000. 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 $275,291, is 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