3404 American DR # 2104, Lago Vista TX 78645

Reviewing the most recent comparable transactions, this home's market value falls around $226,016. For a well positioned listing in ISLAND, I'd target the $219,000 to $233,000 range. Against 1 similar active listings in ISLAND, this price point lands at below the only comparable home currently on the market. At 611 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.11 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. With 1 similar homes currently listed in ISLAND (a buyer's market), competition is a factor to consider. Recent trends in ISLAND show home values have risen 24% since 6 months ago. The most comparable recent sale is 3404 American DR # 3207, Lago Vista TX 78645, with an adjusted value of $167,356; with a larger floor plan. 7 comparable transactions in ISLAND support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group