7425 Spanish Oak DR, Lago Vista TX 78645

The market data from 7 similar recent sales in 78645 points to a value of approximately $430,375. To sell within a reasonable timeframe at fair market value, the $82,000 to $92,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78645. The pool is a differentiator here, since 7 of 7 comparable sales didn't include one. At 0.88 acres, the lot is larger than the 0.35 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78645, listed between $69,900 and $700,000. In 78645, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 6333 La Mesa ST, Leander TX 78645, adjusting to $411,692; with no pool. 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