24220 SPUR TRL, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $680,234. I'd recommend coming to market at $367,000 to $377,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in LICK CREEK RANCH, this price positions the property as the most expensive of 6 comparable homes on the market. The smaller floor plan (265 sqft compared to the average comp) is a meaningful differentiator in this price range. The 7.00 acre lot (larger than the 2.79 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in LICK CREEK RANCH; a balanced market based on recent absorption. The trend in LICK CREEK RANCH shows prices have fallen 62.8% in the past 6 months. 4110 Tyx TRL, Spicewood TX 78669 nearby adjusts to $705,312; with a larger floor plan. Based on 7 relevant data points in LICK CREEK 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