3404 AMERICAN DRIVE, 1222 # 1222, Lago Vista TX 78645

Based on 7 closed sales in ISLAND, the data points to a value around $304,370 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $141,000 to $151,000. This home's position in the current ISLAND market: the most expensive of 7 comparable homes on the market among comparable properties. The 202 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2002 (15 years newer than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in ISLAND, listed between $149,500 and $374,000. Market data shows ISLAND prices risen 24.4% over the last half year. The closest comparable sale, 3404 American DR # 3315, Lago Vista TX 78645 at an adjusted $347,673, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in ISLAND. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group