3 recent sales in the surrounding area of this address suggest a current value of $985,286. My recommended list price range for this property would be $861,000 to $871,000. Among the similar homes currently available in 78737, this price point stands out as competitive. This home's smaller footprint (222 sqft vs the comp average) plays a role in how the market prices it. The 2.74 acre lot (larger than the 2.32 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 78737; a balanced market based on recent absorption. In 78737, home values have risen approximately 3.7% over the past 6 months. One of the strongest data points is 1034 Sunset Canyon DR S, Dripping Springs TX 78620, adjusting to $1,027,120; with a larger floor plan and a pool. With 3 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
