3404 American DR # 3217, Lago Vista TX 78645

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $296,376. I'd recommend coming to market at $241,000 to $251,000 to strike the right balance between value and market velocity. In the current ISLAND market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. At 165 sqft smaller than the typical comp, the size difference factors into the valuation. With 4 similar homes currently listed in ISLAND (a buyer's market), competition is a factor to consider. The trend in ISLAND shows prices have risen 24% in the past 6 months. 3404 American DR # 1105, Lago Vista TX 78645 nearby adjusts to $333,375; with a larger floor plan and a pool. Based on 3 relevant data points in ISLAND, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX