2217 Seabiscuit # 115, Spicewood TX 78669

After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $882,429. Pricing this home between $699,000 and $709,000 would put it in the competitive sweet spot for RESERVE LAKE. Relative to what's currently available in RESERVE LAKE, this home would be the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (194 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.00 acres versus the area average of 1.19) contributes to the valuation. With 7 similar homes currently listed in RESERVE LAKE (a buyer's market), competition is a factor to consider. Market data shows 78669 prices risen 16.7% over the last half year. The closest comparable sale, 19213 Lost Tree BLVD, Spicewood TX 78669 at an adjusted $603,330, is with a smaller floor plan. With 3 comparable sales in RESERVE LAKE, 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