23038 Pedernales Canyon TRL, Spicewood TX 78669

The market data from 7 similar recent sales in LICK CREEK RANCH points to a value of approximately $585,887. To sell within a reasonable timeframe at fair market value, the $497,000 to $507,000 range is where I'd position this. Against 7 similar active listings in LICK CREEK RANCH, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Being 148 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1994 construction puts this home 11 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in LICK CREEK RANCH, ranging from $499,900 to $1,175,000. One of the strongest data points is 4200 Cypress Canyon TRL, Spicewood TX 78669, adjusting to $1,046,480; with a larger floor plan and a pool. 7 comparable transactions in LICK CREEK RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group