2916 Cliff Overlook, Spicewood TX 78669

The estimated value of this property is $1,192,214, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $857,000 and $867,000. In the current 78669 market with 1 similar homes available, this price represents below the only comparable home currently on the market. At 756 sqft larger than the typical comp, the size difference factors into the valuation. The 1.11 acre lot (larger than the 0.85 acre average) is reflected in the estimate. 1 similar homes are currently available in 78669, creating a buyer's market for this price range. Recent trends in 78669 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 2112 Lauren DR, Spicewood TX 78669, with an adjusted value of $1,126,557; with a smaller floor plan. 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