3404 American DR # 1317, Lago Vista TX 78645

Reviewing the most recent comparable transactions, this home's market value falls around $244,437. For a well positioned listing in ISLAND, I'd target the $195,000 to $205,000 range. Against 5 similar active listings in ISLAND, this price point lands at the 2nd most expensive of 5 comparable homes on the market. At 384 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.17 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in ISLAND, listed between $199,000 and $289,500. Recent trends in 78645 show home values have fallen 8.6% since 6 months ago. The most comparable recent sale is 3404 American DR # 3207, Lago Vista TX 78645, with an adjusted value of $176,761; with a larger floor plan. The 7 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