415 Hummingbird WAY, Spicewood TX 78669

The market data from 4 similar recent sales in PLACE points to a value of approximately $688,799. To sell within a reasonable timeframe at fair market value, the $439,000 to $449,000 range is where I'd position this. With 7 comparable homes on the market in PLACE, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 1.45 acres, the lot is larger than the 1.01 acre comp average, which factors into pricing. 7 similar homes are currently available in PLACE, creating a buyer's market for this price range. In 78669, home values have risen approximately 18.5% over the past 6 months. One of the strongest data points is 117 Lake View DR, Spicewood TX 78669, adjusting to $539,480; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group