3 recent sales within a mile of this address suggest a current value of $966,841. My recommended list price range for this property would be $776,000 to $786,000. Against 7 similar active listings in SPICEWOOD ESTATES, this price point lands at the 4th most expensive of 7 comparable homes on the market. Being 176 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1996, this home is 9 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in SPICEWOOD ESTATES, creating a seller's market for this price range. In SPICEWOOD ESTATES, home values have risen approximately 16.8% over the past 6 months. One of the strongest data points is 11418 Rustic Rock DR, Austin TX 78750, adjusting to $838,416; a strong comparable. Based on 3 relevant data points in SPICEWOOD ESTATES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX