20807 Colorado DR, Spicewood TX 78669

The market data from 7 similar recent sales in LAKEWOOD ESTATES points to a value of approximately $435,001. To sell within a reasonable timeframe at fair market value, the $497,000 to $610,000 range is where I'd position this. With 3 comparable homes on the market in LAKEWOOD ESTATES, this price positions the property as the most affordable of 3 comparable homes on the market. This home's smaller footprint (750 sqft vs the comp average) plays a role in how the market prices it. The 1964 construction puts this home 25 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in LAKEWOOD ESTATES, creating a balanced market for this price range. In LAKEWOOD ESTATES, home values have risen approximately 26.3% over the past 6 months. One of the strongest data points is 20914 W Lakeshore DR, Spicewood TX 78669, adjusting to $465,177; a strong comparable. 7 comparable transactions in LAKEWOOD ESTATES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group