488 Bailey LN, Spicewood TX 78669

The estimated value of this property is $1,097,832, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $696,000 and $706,000. In the current 78669 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 181 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2016, this home is 20 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78669, listed between $649,900 and $999,000. Recent trends in 78669 show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 105 Creekside TRL, Spicewood TX 78669, with an adjusted value of $935,520; 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