3404 American DR # 2303, Lago Vista TX 78645

Off Market

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Ed's Opinion of Value

$265,500 Ed's Estimate: $310,034 $345,145

Lowest Comp Recommended List: $253,000 to $263,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $310,034. To generate strong buyer interest while maximizing value, I'd price this between $253,000 and $263,000. In the current ISLAND market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Current inventory shows 3 comparable homes in ISLAND; a buyer's market based on recent absorption. The trend in ISLAND shows prices have risen 26.2% in the past 6 months. 3404 American DR # 1105, Lago Vista TX 78645 nearby adjusts to $345,145; with a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

ISLAND Market Trends

$357,500 Median Sold Price ▲ 26.2% 6mo

$314/sqft Median $/SqFt ▲ 43.4% 6mo

235 days Avg Days on Market 124 days slower

29 homes Active Inventory 43.5 mo supply

94.0% Sale-to-List Ratio

4 Sales (6 months)

Recently Sold Comparables

$345,145 adjusted 3404 American DR # 1105, Lago Vista TX 78645 2bd / 2.0ba • 1,203 sqft • 0.1 mi Sold 2 months ago

$308,985 adjusted 1503 Emerald RD, Lago Vista TX 78645 2bd / 1.0ba • 1,267 sqft • 1.5 mi Sold 7 months ago

$266,562 adjusted 21718 Ticonderoga Ave, Lago Vista TX 78645 3bd / 2.0ba • 1,258 sqft • 0.5 mi Sold 10 months ago

Currently on Market

$299,000 3404 American DR # 3208, Lago Vista TX 78645 2bd / 2.0ba • 1,188 sqft • 0.1 mi 393 days on market

$265,500 3404 American DR # 3118, Lago Vista TX 78645 2bd / 2.0ba • 1,203 sqft • 0.1 mi 33 days on market

$299,900 3404 American DR # 1308, Lago Vista TX 78645 2bd / 2.0ba • 1,215 sqft • 0.1 mi 56 days on market

2 Beds

2 Baths 2 Full

1,188 Sq Ft

0.243 Acres

1987 Built

2 Garage

About This Property

WOW LIVE A RESORT LIFESTYLE EVERYDAY AT THE ISLAND ON LAKE TRAVIS. Breathtaking, unobstructed deep water views, renovated 3-2 Villa with wood beam vaulted ceilings, fabulous granite kitchen with stainless appliances. THIS ONE WON'T LAST LONG AT THIS FANTASTIC PRICE. Purchase this Fannie Mae Home Path property for as little as 3% down. This property approved for Home Path Renovation Mortgage Financing. Restrictions: Yes

Features

Breakfast Bar
No Interior Steps
Primary Bedroom on Main

Location

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Schools

School District Lago Vista ISD

Elementary Lago Vista

Middle School Lago Vista

High School Lago Vista

Property Details

Property Type Residential

Flooring Carpet, Tile

Cooling Central Air

Heating Central

Exterior Elevator, Lake, Restricted Access

County Travis

MLS # 3134976

Garage 2 spaces

HOA & Community

HOA Fee $512 /Monthly

HOA Includes Common Area Maintenance, Landscaping, Maintenance Structure, Sewer, Water

Tax Information

Annual Taxes (MLS) $3,215 (2011)

Listing History

MLS# 3134976 14 days

Dec 14, 2011	Off Market
Nov 21, 2011	Pending
Nov 7, 2011	Listed	$166,900

Frequently Asked Questions About 3404 American DR # 2303, Lago Vista TX 78645

When was 3404 American DR # 2303, Lago Vista TX 78645 built?

3404 American DR # 2303, Lago Vista TX 78645 was built in 1987.

How much does 3404 American DR # 2303, Lago Vista TX 78645 cost?

3404 American DR # 2303, Lago Vista TX 78645 sold on December 14, 2011. Contact us for sale price details.

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