Based on 3 closed sales in PALEFACE HOMESTEADS, the data points to a value around $3,017,805 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,975,000 to $3,811,000. This pricing would rank the home as no active comparable homes on the market in PALEFACE HOMESTEADS's current inventory. Being 1,942 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 37.41 acres versus 11.08 for the typical comp. Market data shows 78669 prices risen 18.5% over the last half year. The closest comparable sale, 24205 State Highway 71 W, Spicewood TX 78669 at an adjusted $3,810,702, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in PALEFACE HOMESTEADS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
