The market data from 7 similar recent sales in BELL SPGS RANCHES points to a value of approximately $1,138,195. To sell within a reasonable timeframe at fair market value, the $1,662,000 to $1,698,000 range is where I'd position this. Among the similar homes currently available in BELL SPGS RANCHES, this price point stands out as competitive. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. At 13.01 acres, the lot is larger than the 2.96 acre comp average, which factors into pricing. Buyers in BELL SPGS RANCHES have 7 comparable options right now, with asking prices between $1,150,000 and $2,885,500. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 301 Sundance TRL, Dripping Springs TX 78620, adjusting to $878,250; with a smaller floor plan and no pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
