7721 PACE RAVINE DR, Lago Vista TX 78645

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $455,500. To generate strong buyer interest while maximizing value, I'd price this between $572,000 and $583,000. Against 7 similar active listings in LAKESIDE TESSERA, this price point lands at the most affordable of 7 comparable homes on the market. This home's smaller footprint (142 sqft vs the comp average) plays a role in how the market prices it. The 2020 construction puts this home 5 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in LAKESIDE TESSERA (a balanced market), competition is a factor to consider. The trend in LAKESIDE TESSERA shows prices have fallen 27.7% in the past 6 months. 22200 Cross Timbers BND, Lago Vista TX 78645 nearby adjusts to $420,824; with a larger floor plan. 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