7201 Pace Ravine DR, Lago Vista TX 78645

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $659,494. I'd recommend coming to market at $691,000 to $702,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in TESSERA. The larger floor plan (224 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.32 acre lot (larger than the 0.24 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in TESSERA; a buyer's market based on recent absorption. The trend in TESSERA shows prices have risen 9.8% in the past 6 months. 7906 Turnback Ledge TRL, Lago Vista TX 78645 nearby adjusts to $662,691; with a smaller floor plan. With 3 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