7500 Pace Ravine DR, Lago Vista TX 78645

The estimated value of this property is $581,709, based on 4 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $628,000 and $648,000. Against 7 similar active listings in TESSERA, this price point lands at the 3rd least expensive of 7 comparable homes on the market. At 231 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in TESSERA; a buyer's market based on recent absorption. Recent trends in TESSERA show home values have risen 41.6% since 6 months ago. The most comparable recent sale is 7426 Pace Ravine DR, Lago Vista TX 78645, with an adjusted value of $608,080; a strong comparable. Based on 4 relevant data points in TESSERA, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX