5118 Destination WAY, Lago Vista TX 78645

The market data from 5 similar recent sales in HOLLOWS CANYONS points to a value of approximately $1,025,281. To sell within a reasonable timeframe at fair market value, the $855,000 to $865,000 range is where I'd position this. In the current HOLLOWS CANYONS market with 6 similar homes available, this price represents the 2nd most expensive of 6 comparable homes on the market. This home's larger footprint (117 sqft vs the comp average) plays a role in how the market prices it. At 0.54 acres, the lot is larger than the 0.51 acre comp average, which factors into pricing. The active market in HOLLOWS CANYONS includes 6 comparable homes priced from $790,000 to $1,297,000. In 78645, home values have fallen approximately 7.6% over the past 6 months. One of the strongest data points is 19125 Lavish CV, Jonestown TX 78645, adjusting to $1,290,538; a strong comparable. The 5 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