Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,318,304. To generate strong buyer interest while maximizing value, I'd price this between $1,292,000 and $1,345,000. Against 7 similar active listings in SPICEWOOD CONDOMINIUMS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 2015 construction puts this home 29 years newer than the comp average, a factor in the pricing. At 0.18 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in SPICEWOOD CONDOMINIUMS, ranging from $815,000 to $1,899,999. The trend in 78759 shows prices have risen 2.9% in the past 6 months. 8312 Appalachian DR, Austin TX 78759 nearby adjusts to $1,813,159; with a smaller floor plan. 7 comparable transactions in SPICEWOOD CONDOMINIUMS 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
