3404 American DR # 2311, Lago Vista TX 78645

The market data from 3 similar recent sales in ISLAND/LK CONDO points to a value of approximately $309,823. To sell within a reasonable timeframe at fair market value, the $253,000 to $263,000 range is where I'd position this. With 3 comparable homes on the market in ISLAND/LK CONDO, this price positions the property as the most expensive of 3 comparable homes on the market. At 0.28 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. With 3 similar homes currently listed in ISLAND/LK CONDO (a buyer's market), competition is a factor to consider. In 78645, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 3404 American DR # 1105, Lago Vista TX 78645, adjusting to $345,145; with a pool. 3 comparable transactions in ISLAND/LK CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group