Reviewing the most recent comparable transactions, this home's market value falls around $474,261. For a well positioned listing in HIGHLAND LAKE ESTATES, I'd target the $485,000 to $492,000 range. With 5 comparable homes on the market in HIGHLAND LAKE ESTATES, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. At 0.28 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in HIGHLAND LAKE ESTATES; a buyer's market based on recent absorption. Recent trends in HIGHLAND LAKE ESTATES show home values have risen 0% since 6 months ago. The most comparable recent sale is 3202 Hamilton Ave, Lago Vista TX 78645, with an adjusted value of $478,945; a strong comparable. 7 comparable transactions in HIGHLAND LAKE ESTATES 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
