7202 Spanish Oak DR, Lago Vista TX 78645

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $308,182. Pricing this home between $58,000 and $68,000 would put it in the competitive sweet spot for LAGO VISTA. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in LAGO VISTA's current inventory. At 11 years older than typical comps, the 1996 build date influences the valuation. The smaller lot (0.29 acres versus the area average of 0.37) contributes to the valuation. 3 similar homes are currently available in LAGO VISTA, creating a buyer's market for this price range. Market data shows LAGO VISTA prices fallen 12% over the last half year. The closest comparable sale, 6303 La Mesa ST, Lago Vista TX 78645 at an adjusted $328,183, is with a larger floor plan. The comp data here (7 sales in LAGO VISTA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus