507 Ronay N, Spicewood TX 78669

The market data from 7 similar recent sales in BRIARCLIFF points to a value of approximately $1,073,217. To sell within a reasonable timeframe at fair market value, the $1,769,000 to $1,786,000 range is where I'd position this. Against 2 similar active listings in BRIARCLIFF, this price point lands at the most affordable of 2 comparable homes on the market. At 527 sqft larger than the typical comp, the size difference factors into the valuation. The 1994 construction puts this home 11 years older than the comp average, a factor in the pricing. The active market in BRIARCLIFF includes 2 comparable homes priced from $1,850,000 to $1,950,000. In 78669, home values have fallen approximately 6.5% over the past 6 months. One of the strongest data points is 644 Newport DR, Spicewood TX 78669, adjusting to $556,846; with a smaller floor plan. The 7 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