227 Vicinity TRL, Spicewood TX 78669

The market data from 4 similar recent sales in PEDERNALES points to a value of approximately $548,346. To sell within a reasonable timeframe at fair market value, the $537,000 to $559,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in PEDERNALES. Being 599 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1959 construction puts this home 24 years older than the comp average, a factor in the pricing. With 1 similar homes currently listed in PEDERNALES (a buyer's market), competition is a factor to consider. In 78669, home values have risen approximately 4.7% over the past 6 months. One of the strongest data points is 25203 Lake View DR, Spicewood TX 78669, adjusting to $500,949; with a larger floor plan. The 4 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