23306 PEDERNALES CANYON TRL, Spicewood TX 78669

The estimated value of this property is $495,125, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $645,000 and $710,000. With 5 comparable homes on the market in 78669, this price positions the property as the most affordable of 5 comparable homes on the market. Built in 1996, this home is 6 years older than the average comp, which is reflected in the adjustments. The 2.15 acre lot (larger than the 0.46 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in 78669, listed between $509,900 and $849,000. Recent trends in 78669 show home values have fallen 13.8% since 6 months ago. The most comparable recent sale is 206 Cargill DR, Spicewood TX 78669, with an adjusted value of $709,963; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group