2701 Fall Creek Estates DR, Spicewood TX 78669

The estimated value of this property is $1,439,758, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,152,000 and $2,354,000. In the current PALEFACE HOMESTEADS market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (287 sqft vs the comp average) plays a role in how the market prices it. The 5.75 acre lot (larger than the 1.51 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in PALEFACE HOMESTEADS; a buyer's market based on recent absorption. Recent trends in 78669 show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 22238 Oban DR, Spicewood TX 78669, with an adjusted value of $865,750; with a pool. Based on 7 relevant data points in PALEFACE HOMESTEADS, 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