601 Deerpath WAY, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $639,652. I'd recommend coming to market at $496,000 to $506,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in DEERPATH RANCH, this price positions the property as the most expensive of 3 comparable homes on the market. The smaller floor plan (203 sqft compared to the average comp) is a meaningful differentiator in this price range. The 13.09 acre lot (larger than the 2.07 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in DEERPATH RANCH; a buyer's market based on recent absorption. The trend in 78669 shows prices have risen 18.5% in the past 6 months. 326 Lost Cove DR, Spicewood TX 78669 nearby adjusts to $567,238; a strong comparable. 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