905 Skyline DR, Spicewood TX 78669

The estimated value of this property is $502,400, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $508,000 and $617,000. With 3 comparable homes on the market in LAKEWOOD ESTATES, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 777 sqft size difference versus comparable sales is reflected in the adjusted values. The 1.43 acre lot (larger than the 0.67 acre average) is reflected in the estimate. With 3 similar homes currently listed in LAKEWOOD ESTATES (a balanced market), competition is a factor to consider. Recent trends in LAKEWOOD ESTATES show home values have fallen 40.6% since 6 months ago. The most comparable recent sale is 20914 W Lakeshore DR, Spicewood TX 78669, with an adjusted value of $507,649; a strong comparable. Based on 7 relevant data points in LAKEWOOD ESTATES, 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