Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,871,283. To generate strong buyer interest while maximizing value, I'd price this between $1,475,000 and $1,485,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in BEE CREEK ESTATES. Being 269 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2010 construction puts this home 8 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in BEE CREEK ESTATES, creating a buyer's market for this price range. The trend in 78669 shows prices have fallen 12.2% in the past 6 months. 19520 Tessa HTS, Spicewood TX 78669 nearby adjusts to $2,381,452; with a larger 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
