1201 Likeness RD, Spicewood TX 78669

Based on 7 closed sales in PALEFACE RANCH, the data points to a value around $1,011,386 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $568,000 to $578,000. This home's position in the current PALEFACE RANCH market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 334 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 1.28 acres versus 2.57 for the typical comp. Current inventory shows 3 comparable homes in PALEFACE RANCH; a buyer's market based on recent absorption. Market data shows 78669 prices fallen 0.8% over the last half year. The closest comparable sale, 1215 Lake Shore DR, Spicewood TX 78669 at an adjusted $941,908, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PALEFACE RANCH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group