2604 Lakehurst RD, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,002,659. I'd recommend coming to market at $1,451,000 to $1,461,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78669. The larger floor plan (205 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2008, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in 78669; a buyer's market based on recent absorption. The trend in 78669 shows prices have risen 4.2% in the past 6 months. 17600 Flagler DR, Austin TX 78738 nearby adjusts to $2,725,596; a strong comparable. Based on 7 relevant data points in 78669, 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