216 Crest DR, Spicewood TX 78669

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $337,894. I'd recommend coming to market at $563,000 to $607,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in SPICEWOOD BEACH. Built in 1985, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.31 acre lot (smaller than the 0.91 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in SPICEWOOD BEACH; a buyer's market based on recent absorption. The trend in 78669 shows prices have fallen 13.7% in the past 6 months. 223 Golf Course DR, Spicewood TX 78669 nearby adjusts to $257,168; a strong comparable. With 7 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