5216 Cypress Ranch BLVD, Spicewood TX 78669

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $695,302. I'd recommend coming to market at $681,000 to $709,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in WEST CYPRESS HILLS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 572 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2007, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in WEST CYPRESS HILLS, ranging from $550,000 to $1,875,000. The trend in WEST CYPRESS HILLS shows prices have risen 8.2% in the past 6 months. 22112 Rock Wren RD, Spicewood TX 78669 nearby adjusts to $683,055; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group