11401 Pencewood DR, Austin TX 78750

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,008,967. To generate strong buyer interest while maximizing value, I'd price this between $1,055,000 and $1,058,000. In the current SPICEWOOD BALCONES market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 201 sqft size difference versus comparable sales is reflected in the adjusted values. The 1983 construction puts this home 7 years newer than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in SPICEWOOD BALCONES; a balanced market based on recent absorption. The trend in SPICEWOOD BALCONES shows prices have risen 1% in the past 6 months. 11004 Plumewood DR, Austin TX 78750 nearby adjusts to $1,155,017; 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