985 County Road 414, Spicewood TX 78669

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $453,764. I'd recommend coming to market at $374,000 to $384,000 to strike the right balance between value and market velocity. In the current 78669 market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The smaller floor plan (629 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.04 acre lot (smaller than the 1.55 acre average) is reflected in the estimate. With 4 similar homes currently listed in 78669 (a buyer's market), competition is a factor to consider. 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 $450,789; with a larger floor plan. 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