Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $418,634. To generate strong buyer interest while maximizing value, I'd price this between $208,000 and $218,000. In the current OVERLOOK VILLA WEST market with 7 similar homes available, this price represents the 0th most expensive of 7 comparable homes on the market. The 134 sqft size difference versus comparable sales is reflected in the adjusted values. The 1971 construction puts this home 6 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in OVERLOOK VILLA WEST, creating a buyer's market for this price range. The trend in 78645 shows prices have fallen 3.6% in the past 6 months. 5916 Lago Vista WAY # B16, Lago Vista TX 78645 nearby adjusts to $239,940; with a smaller 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