Based on what similar homes have actually sold for within a mile, I'd place this property's value at $505,472. I'd recommend coming to market at $411,000 to $421,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in HIGHLAND LAKE ESTATES, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.36 acre lot (larger than the 0.28 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in HIGHLAND LAKE ESTATES, ranging from $399,000 to $580,000. The trend in HIGHLAND LAKE ESTATES shows prices have risen 1.3% in the past 6 months. 21203 Santa Rosa Ave, Lago Vista TX 78645 nearby adjusts to $404,494; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
