The property's current market position is moderate, with a list price of $149,500 slightly below the average valuation of $154,562. Recent comparable sales in the area range from $85,000 to $250,000, indicating a wide market spread. The property's price per square foot ($120.18) is competitive but not the lowest in the market.
Consider a slight price adjustment to $155,000 to align with the average valuation and recent sales trends. Highlight unique features like the lakefront location and detached garage to attract buyers. Focus marketing efforts on showcasing the property as a vacation or retirement home, emphasizing its waterfront appeal and potential for upgrades to justify the price point.