3404 American DR # 1325, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $247,564 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $262,000 to $265,000. This home's position in the current ISLAND market: the most expensive of 3 comparable homes on the market among comparable properties. Being 525 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.14 acres versus 0.25 for the typical comp. Right now, 3 similar properties are competing for buyers in ISLAND, listed between $220,000 and $270,000. Market data shows ISLAND prices risen 24.4% over the last half year. The closest comparable sale, 3404 American DR # 3207, Lago Vista TX 78645 at an adjusted $169,565, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus