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 $597,731. I'd recommend coming to market at $496,000 to $506,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in DEERPATH RANCH, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. The smaller floor plan (258 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in DEERPATH RANCH; a buyer's market based on recent absorption. The trend in 78669 shows prices have fallen 13.7% in the past 6 months. 512 Soda Creek RD, Spicewood TX 78669 nearby adjusts to $635,931; 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