Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,507,124. To generate strong buyer interest while maximizing value, I'd price this between $647,000 and $657,000. With 7 comparable homes on the market in PALEFACE RANCH, this price positions the property as the most expensive of 7 comparable homes on the market. Being 309 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 3.97 acres, the lot is smaller than the 4.11 acre comp average, which factors into pricing. The active market in PALEFACE RANCH includes 7 comparable homes priced from $599,000 to $1,888,505. The trend in 78669 shows prices have fallen 0.8% in the past 6 months. 1419 Likeness RD, Spicewood TX 78669 nearby adjusts to $1,909,855; with a larger floor plan and a pool. The 3 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
