2101 County Road 414, Spicewood TX 78669

The estimated value of this property is $418,922, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $482,000 and $528,000. With 2 comparable homes on the market in MULESHOE BEND, this price positions the property as the most expensive of 2 comparable homes on the market. At 356 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1997, this home is 11 years newer than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in MULESHOE BEND (a buyer's market), competition is a factor to consider. Recent trends in 78669 show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 825 Turkey Tree RD, Spicewood TX 78669, with an adjusted value of $295,439; a strong comparable. Based on 7 relevant data points in MULESHOE BEND, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX