3404 American DR # 1306, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $364,751 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $199,000 to $209,000. Relative to what's currently available in ISLAND, this home would be the 3rd most expensive of 6 comparable homes on the market. The 526 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.36 acres versus 0.25 for the typical comp. With 6 similar homes currently listed in ISLAND (a buyer's market), competition is a factor to consider. Market data shows ISLAND prices fallen 11.1% over the last half year. The closest comparable sale, 3404 American DR # 3120, Lago Vista TX 78645 at an adjusted $522,884, is a strong comparable. 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