1800 Ballinger DR, Spicewood TX 78669

The market data from 7 similar recent sales in RANCH points to a value of approximately $924,282. To sell within a reasonable timeframe at fair market value, the $759,000 to $769,000 range is where I'd position this. With 7 comparable homes on the market in RANCH, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 235 sqft larger than the typical comp, the size difference factors into the valuation. At 0.80 acres, the lot is smaller than the 1.13 acre comp average, which factors into pricing. 7 similar homes are currently available in RANCH, creating a buyer's market for this price range. In 78669, home values have fallen approximately 14.1% over the past 6 months. One of the strongest data points is 27119 Founders PL, Spicewood TX 78669, adjusting to $1,120,945; with a smaller floor plan and a pool. 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