24702 Martin LN, Spicewood TX 78669

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $514,985. Pricing this home between $355,000 and $365,000 would put it in the competitive sweet spot for OLD FERRY. Relative to what's currently available in OLD FERRY, this home would be the most expensive of 2 comparable homes on the market. At 544 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.63 acres versus the area average of 1.24) contributes to the valuation. Current inventory shows 2 comparable homes in OLD FERRY; a buyer's market based on recent absorption. Market data shows 78669 prices fallen 13.5% over the last half year. The closest comparable sale, 25201 Old Ferry RD, Spicewood TX 78669 at an adjusted $136,405, is with a larger floor plan. With 7 comparable sales in OLD FERRY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group