423 Hummingbird WAY, Spicewood TX 78669

My analysis of 7 comparable properties puts this home's estimated value at $706,799. Based on how the local market is moving, a list price between $797,000 and $851,000 would position this home well. This home's position in the current PLACE market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 14 years older than typical comps, the 1987 build date influences the valuation. The smaller lot (0.87 acres versus the area average of 2.18) contributes to the valuation. Current inventory shows 3 comparable homes in PLACE; a buyer's market based on recent absorption. The 6 month price trend in 78669: risen 18.5%. The best comp here is 404 County Road 421, Spicewood TX 78669 at an adjusted value of $624,759, with a pool. With 7 comparable sales in PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group