5501 Cypress Ranch BLVD, Spicewood TX 78669

Based on 7 closed sales in WEST CYPRESS HILLS, the data points to a value around $695,733 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $927,000 to $960,000. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in WEST CYPRESS HILLS's current inventory. At 445 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.33 acres versus 0.22 for the typical comp. Current inventory shows 7 comparable homes in WEST CYPRESS HILLS; a balanced market based on recent absorption. Market data shows WEST CYPRESS HILLS prices risen 8.9% over the last half year. The closest comparable sale, 22112 Rock Wren RD, Spicewood TX 78669 at an adjusted $675,381, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in WEST CYPRESS HILLS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group