Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $556,919. I'd recommend coming to market at $748,000 to $769,000 to strike the right balance between value and market velocity. Among the similar homes currently available in CROSSWIND, this price point stands out as competitive. The smaller floor plan (315 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1976, this home is 25 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in CROSSWIND (a buyer's market), competition is a factor to consider. The trend in 78669 shows prices have fallen 13.7% in the past 6 months. 3606 Crosswind DR, Spicewood TX 78669 nearby adjusts to $704,633; with a larger floor plan and a pool. Based on 7 relevant data points in CROSSWIND, 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