10.01acres Gatlin Creek RD, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $645,316. I'd recommend coming to market at $459,000 to $469,000 to strike the right balance between value and market velocity. Against 1 similar active listings in 78620, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (709 sqft vs the comp average) plays a role in how the market prices it. Built in 1970, this home is 35 years older than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 5.7% in the past 6 months. 200 Oak Springs DR, Dripping Springs TX 78620 nearby adjusts to $649,090; 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