The estimated value of this property is $378,124, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $414,000 and $422,000. In the current LAGO VISTA COUNTRY CLUB ESTATE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Being 115 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2015, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in LAGO VISTA COUNTRY CLUB ESTATE; a buyer's market based on recent absorption. Recent trends in LAGO VISTA COUNTRY CLUB ESTATE show home values have fallen 3.4% since 6 months ago. The most comparable recent sale is 20308 Boggy Ford RD, Lago Vista TX 78645, with an adjusted value of $326,197; with a smaller floor plan. With 4 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
