24236 Spur TRL, Spicewood TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $513,883. I'd recommend coming to market at $374,000 to $384,000 to strike the right balance between value and market velocity. Against 7 similar active listings in LICK CREEK RANCH, this price point lands at the 4th most expensive of 7 comparable homes on the market. Built in 2009, this home is 7 years newer than the average comp, which is reflected in the adjustments. The 1.50 acre lot (larger than the 1.15 acre average) is reflected in the estimate. With 7 similar homes currently listed in LICK CREEK RANCH (a balanced market), competition is a factor to consider. The trend in LICK CREEK RANCH shows prices have fallen 58.7% in the past 6 months. 1058 Daviot DR, Spicewood TX 78669 nearby adjusts to $405,381; 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