After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,045,654. Pricing this home between $728,000 and $738,000 would put it in the competitive sweet spot for 78654. Buyers shopping in 78654 right now would see this as a well positioned option among 3 comparable homes. At 10 years newer than typical comps, the 2019 build date influences the valuation. The larger lot (13.12 acres versus the area average of 0.91) contributes to the valuation. 3 similar homes are currently available in 78654, creating a buyer's market for this price range. Market data shows 78654 prices fallen 22.4% over the last half year. The closest comparable sale, 26011 Masters PKWY, Spicewood TX 78669 at an adjusted $1,161,710, is with a smaller floor plan. The comp data here (7 sales in 78654) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
