6308 Sierra VIS, Leander TX 78641

The market data from 7 similar recent sales in LAGO RANCHOS points to a value of approximately $357,103. To sell within a reasonable timeframe at fair market value, the $251,000 to $261,000 range is where I'd position this. With 7 comparable homes on the market in LAGO RANCHOS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1999 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.80 acres, the lot is larger than the 0.33 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in LAGO RANCHOS; a buyer's market based on recent absorption. In 78641, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 6303 La Mesa ST, Lago Vista TX 78645, adjusting to $351,462; with a larger floor plan. 7 comparable transactions in LAGO RANCHOS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group