3404 American DR # 1211, Lago Vista TX 78645

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $296,236. To generate strong buyer interest while maximizing value, I'd price this between $241,000 and $251,000. In the current ISLAND market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The smaller floor plan (165 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 4 comparable homes in ISLAND; a buyer's market based on recent absorption. The trend in ISLAND shows prices have fallen 1.5% in the past 6 months. 3404 American DR # 1105, Lago Vista TX 78645 nearby adjusts to $333,375; with a larger floor plan and a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group