1200 Rustic LN, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $649,279. I'd recommend coming to market at $408,000 to $418,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in PLACE. The larger floor plan (235 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.92 acre lot (smaller than the 0.98 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in PLACE, listed between $441,250 and $1,250,000. The trend in 78669 shows prices have risen 17.8% in the past 6 months. 101 Bedford DR, Spicewood TX 78669 nearby adjusts to $980,995; with a smaller floor plan. Based on 5 relevant data points in PLACE, 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