Based on 7 closed sales in SPICEWOOD ESTATES, the data points to a value around $821,973 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $723,000 to $733,000. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in SPICEWOOD ESTATES's current inventory. Being 202 sqft smaller than the average comparable sale in this area impacts the per square foot value. Right now, 7 similar properties are competing for buyers in SPICEWOOD ESTATES, listed between $725,000 and $1,129,999. Market data shows SPICEWOOD ESTATES prices risen 16.8% over the last half year. The closest comparable sale, 11100 Wintergreen HL, Austin TX 78750 at an adjusted $1,053,780, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SPICEWOOD ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group