2802 Pace Bend 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 $482,113. I'd recommend coming to market at $564,000 to $596,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in PACE BEND WATERFRONT, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 1981, this home is 25 years older than the average comp, which is reflected in the adjustments. The 1.46 acre lot (larger than the 0.28 acre average) is reflected in the estimate. The active market in PACE BEND WATERFRONT includes 7 comparable homes priced from $515,000 to $1,995,000. The trend in 78669 shows prices have fallen 13.7% in the past 6 months. 22230 Stow CIR, Spicewood TX 78669 nearby adjusts to $506,801; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group