3404 American DR # 3225, Lago Vista TX 78645

The market data from 7 similar recent sales in ISLAND points to a value of approximately $246,177. To sell within a reasonable timeframe at fair market value, the $182,000 to $192,000 range is where I'd position this. Among the similar homes currently available in ISLAND, this price point stands out as competitive. Being 492 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.14 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in ISLAND; a buyer's market based on recent absorption. In ISLAND, home values have fallen approximately 23.6% over the past 6 months. One of the strongest data points is 3404 American DR # 1201, Lago Vista TX 78645, adjusting to $269,500; a strong comparable. 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