10835 E State Highway 71, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $594,395. I'd recommend coming to market at $425,000 to $435,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78669, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (370 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1984, this home is 15 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in 78669 (a buyer's market), competition is a factor to consider. The trend in 78669 shows prices have fallen 13.3% in the past 6 months. 318 Coventry RD, Spicewood TX 78669 nearby adjusts to $457,226; a strong comparable. Based on 7 relevant data points in 78669, 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