111 Houston DR, Spicewood TX 78669

Reviewing the most recent comparable transactions, this home's market value falls around $335,100. For a well positioned listing in SPICEWOOD BEACH, I'd target the $258,000 to $268,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in SPICEWOOD BEACH. The 1983 construction puts this home 16 years older than the comp average, a factor in the pricing. At 0.35 acres, the lot is smaller than the 0.78 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SPICEWOOD BEACH; a buyer's market based on recent absorption. Recent trends in 78669 show home values have fallen 14.8% since 6 months ago. The most comparable recent sale is 223 Golf Course DR, Spicewood TX 78669, with an adjusted value of $258,626; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group