1118 Lake Shore DR, Spicewood TX 78669

My analysis of 7 comparable properties puts this home's estimated value at $552,614. Based on how the local market is moving, a list price between $365,000 and $375,000 would position this home well. Relative to what's currently available in PEDERNALES BEND, this home would be the most expensive of 2 comparable homes on the market. At 821 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (2.00 acres versus the area average of 1.60) contributes to the valuation. There are currently 2 similar homes on the market in PEDERNALES BEND, ranging from $369,000 to $439,900. The 6 month price trend in 78669: fallen 13.3%. The best comp here is 25201 Old Ferry RD, Spicewood TX 78669 at an adjusted value of $161,062, with a larger floor plan. The comp data here (7 sales in PEDERNALES BEND) 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