101 Kelly CV, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Glenn H Kothman Prop

Ed's Opinion of Value

$353,051 Ed's Estimate: $511,242 $554,982
Lowest Comp Recommended List: $501,000 to $521,000 Highest Comp

Listing History

$650,000 List Price
$505,460 Comp Value
1 Price Reductions

This property was listed at $650,000 and withdrawn after 111 days on market. The price was reduced from $700,000 to $650,000. This listing activity factors into the valuation.

The market data from 7 similar recent sales in GLENN H KOTHMAN PROP points to a value of approximately $511,242. To sell within a reasonable timeframe at fair market value, the $501,000 to $521,000 range is where I'd position this. Against 1 similar active listings in GLENN H KOTHMAN PROP, this price point lands at below the only comparable home currently on the market. The 665 sqft size difference versus comparable sales is reflected in the adjusted values. At 2.01 acres, the lot is larger than the 1.80 acre comp average, which factors into pricing. 7 comparable transactions in GLENN H KOTHMAN PROP support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
3 Beds
1 Baths 1 Full
1,452 Sq Ft
2.01 Acres
2016 Built

About This Property

Prime work/live space that can be used as a commercial property with a livable aspect. This property is on 2 acres in the picturesque Hill Country community of Dripping Springs. Located in Dripping Springs ISD. Included on this lot is a 1700 sqft barndominium that has 2 bedrooms with one bathroom, common space and a loft. As well, there is a 3000sqft one phase power fully built out garage that has been used as a mechanics shop by the previous owner. The property is on unrestricted land. This is a prime opportunity for a buyer that is looking for a commercial work and live property. Rainwater Catchment system on property.

Features

  • Built-in Features
  • Ceiling Fan(s)
  • Eat-in Kitchen

Location

Schools

Property Details

Property Type Residential
Flooring Concrete
Cooling Other
Heating See Remarks
County Hays
MLS # 3713426

Listing History

MLS# 3713426 111 days (112 CDOM)
May 9, 2022 Off Market
Feb 17, 2022 Price Change $650,000
Jan 18, 2022 Listed $700,000

Frequently Asked Questions About 101 Kelly CV, Dripping Springs TX 78620

When was 101 Kelly CV, Dripping Springs TX 78620 built?

101 Kelly CV, Dripping Springs TX 78620 was built in 2016.

How much does 101 Kelly CV, Dripping Springs TX 78620 cost?

101 Kelly CV, Dripping Springs TX 78620 is currently off market.

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