You are absolutely correct as programs utilized by sites like Trulia and Zillow for their estimates of value use geographic proximity as an important variable and in this case picks up adjoining communities with age restrictions and an entirely different set of metrics.
As you are probably aware the market in Lexington Club is much different that some of the surrounding developments. And even in Lexington Club there are a number of different models and views with the premium lots typically overlooking one of the two lakes in the community.
Overall we have been seeing about 3 sales per month in Lexington Club with 9 sales over the past 6 months at prices ranging from $112,000 up to $180,000 with a median sales price of $150,000. We currently have one home under contract and 9 available properties so the 6 month inventory represent a fairly balanced market that is higher than many local communities.
Of course the condition and features of any home and it's lot play a large role in the properties value as does the motivation of both the the seller and buyer, The home you inquired about at 7869 actually was a bank owned property that last sold in February 2011 for $78,750. It appears you were the purchaser at that time and if you would like a complete detailed analysis of the homes current value please feel free to give me a call and I would be very happy to get together with you at a convenient time.
Best of luck and if I can offer anything additional please let me know.
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty