8034 Arren TER, Volente TX 78641

The market data from 7 similar recent sales in LAKE points to a value of approximately $878,039. To sell within a reasonable timeframe at fair market value, the $745,000 to $755,000 range is where I'd position this. In the current LAKE market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. This home's smaller footprint (2,001 sqft vs the comp average) plays a role in how the market prices it. The 2005 construction puts this home 11 years newer than the comp average, a factor in the pricing. The active market in LAKE includes 4 comparable homes priced from $749,000 to $1,500,000. In LAKE, home values have fallen approximately 66.7% over the past 6 months. One of the strongest data points is 17708 North ST, Lago Vista TX 78645, adjusting to $727,064; with a larger floor plan. 7 comparable transactions in LAKE 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