2505 Improver RD, Spicewood TX 78669

My analysis of 7 comparable properties puts this home's estimated value at $1,220,448. Based on how the local market is moving, a list price between $1,057,000 and $1,067,000 would position this home well. This home's position in the current PALEFACE RANCH market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. At 767 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (4.51 acres versus the area average of 1.74) contributes to the valuation. Current inventory shows 5 comparable homes in PALEFACE RANCH; a buyer's market based on recent absorption. The 6 month price trend in 78669: fallen 10%. The best comp here is 519 Cowal DR S, Spicewood TX 78669 at an adjusted value of $415,025, with a smaller floor plan. The comp data here (7 sales in PALEFACE RANCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus