1302 S Pace Bend RD, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $459,684. I'd recommend coming to market at $446,000 to $473,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78669, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 781 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1955, this home is 41 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in 78669 (a buyer's market), competition is a factor to consider. The trend in 78669 shows prices have risen 5.4% in the past 6 months. 913 Lake Shore DR, Spicewood TX 78669 nearby adjusts to $555,396; with a larger floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group