3008 Cliff Overlook, Spicewood TX 78669

The estimated value of this property is $1,302,805, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,081,000 and $1,091,000. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in 78669. At 835 sqft larger than the typical comp, the size difference factors into the valuation. The 0.86 acre lot (larger than the 0.81 acre average) is reflected in the estimate. With 5 similar homes currently listed in 78669 (a buyer's market), competition is a factor to consider. Recent trends in 78669 show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 2506 Sailpoint DR, Spicewood TX 78669, with an adjusted value of $1,177,193; with a smaller floor plan. Based on 4 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