5605 Cypress Ranch BLVD, Spicewood TX 78669

The estimated value of this property is $697,473, based on 4 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $677,000 and $718,000. In the current WEST CYPRESS HILLS market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. This home's larger footprint (429 sqft vs the comp average) plays a role in how the market prices it. Built in 2018, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in WEST CYPRESS HILLS; a buyer's market based on recent absorption. Recent trends in WEST CYPRESS HILLS show home values have risen 1.7% since 6 months ago. The most comparable recent sale is 22020 Verbena PKWY, Spicewood TX 78669, with an adjusted value of $668,921; with a larger floor plan. With 4 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