23601 Old Ferry RD # 14, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $843,112. I'd recommend coming to market at $485,000 to $495,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in MILAM RANCH. At 672 sqft smaller than the typical comp, the size difference factors into the valuation. The 4.33 acre lot (larger than the 1.28 acre average) is reflected in the estimate. With 2 similar homes currently listed in MILAM RANCH (a buyer's market), competition is a factor to consider. The trend in 78669 shows prices have fallen 11.4% in the past 6 months. 22340 Briarcliff DR, Spicewood TX 78669 nearby adjusts to $436,060; a strong comparable. Based on 7 relevant data points in MILAM RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX