3404 American DR # 3201, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $255,018 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $217,000 to $227,000. This pricing would rank the home as the most expensive of 3 comparable homes on the market in ISLAND's current inventory. The smaller floor plan (525 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.14 acres versus 0.25 for the typical comp. The active market in ISLAND includes 3 comparable homes priced from $220,000 to $259,900. Market data shows ISLAND prices risen 24.4% over the last half year. The closest comparable sale, 3404 American DR # 3315, Lago Vista TX 78645 at an adjusted $279,416, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ISLAND. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group