5916 Lago Vista WAY # 13, Lago Vista TX 78645

The market data from 7 similar recent sales in OVERLOOK VILLA WEST points to a value of approximately $378,897. To sell within a reasonable timeframe at fair market value, the $205,000 to $215,000 range is where I'd position this. With 7 comparable homes on the market in OVERLOOK VILLA WEST, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 1971 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.07 acres, the lot is smaller than the 0.47 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in OVERLOOK VILLA WEST; a buyer's market based on recent absorption. In 78645, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 5914 Lago Vista WAY # C24, Leander TX 78645, adjusting to $157,600; a strong comparable. The 7 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