3404 American DR # 1309, Lago Vista TX 78645

The market data from 7 similar recent sales in ISLAND points to a value of approximately $276,265. To sell within a reasonable timeframe at fair market value, the $230,000 to $240,000 range is where I'd position this. Against 4 similar active listings in ISLAND, this price point lands at the most expensive of 4 comparable homes on the market. The 167 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.22 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. The active market in ISLAND includes 4 comparable homes priced from $265,500 to $374,000. In ISLAND, home values have fallen approximately 1.5% over the past 6 months. One of the strongest data points is 3404 American DR # 3315, Lago Vista TX 78645, adjusting to $336,000; 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