1216 Edgewater DR, Spicewood TX 78669

Reviewing the most recent comparable transactions, this home's market value falls around $617,306. For a well positioned listing in EDGEWATER BEACH, I'd target the $873,000 to $1,052,000 range. Against 7 similar active listings in EDGEWATER BEACH, this price point lands at the most affordable of 7 comparable homes on the market. The 1965 construction puts this home 36 years older than the comp average, a factor in the pricing. At 0.95 acres, the lot is smaller than the 1.17 acre comp average, which factors into pricing. With 7 similar homes currently listed in EDGEWATER BEACH (a buyer's market), competition is a factor to consider. Recent trends in 78669 show home values have risen 6.3% since 6 months ago. The most comparable recent sale is 20815 Colorado DR W, Spicewood TX 78669, with an adjusted value of $614,660; with a smaller floor plan. 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