220 Terrace DR, Spicewood TX 78669

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $365,694. Pricing this home between $188,000 and $198,000 would put it in the competitive sweet spot for SPICEWOOD BEACH. Relative to what's currently available in SPICEWOOD BEACH, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (486 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.54 acres versus the area average of 0.94) contributes to the valuation. The active market in SPICEWOOD BEACH includes 3 comparable homes priced from $189,500 to $305,000. Market data shows 78669 prices fallen 5.5% over the last half year. The closest comparable sale, 201 Laurel LN, Spicewood TX 78669 at an adjusted $212,610, is a strong comparable. With 7 comparable sales in SPICEWOOD BEACH, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group