840 County Road 421, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,135,127. I'd recommend coming to market at $743,000 to $753,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78669. Being 586 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2005, this home is 16 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78669; a buyer's market based on recent absorption. The trend in 78669 shows prices have fallen 6.5% in the past 6 months. 613 Wesley Ridge DR, Spicewood TX 78669 nearby adjusts to $1,030,978; with a smaller floor plan. Based on 7 relevant data points in 78669, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX