10116 Thomas LN, Dripping Springs TX 78620

Based on 7 closed sales in VALLEY LAKE HILLS, the data points to a value around $414,224 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $402,000 to $427,000. This home's position in the current VALLEY LAKE HILLS market: below the only comparable home currently on the market among comparable properties. Being 778 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2002 (8 years older than comps) is factored into the value estimate. With 1 similar homes currently listed in VALLEY LAKE HILLS (a buyer's market), competition is a factor to consider. Market data shows VALLEY LAKE HILLS prices fallen 4.5% over the last half year. The closest comparable sale, 10212 Thomas LN, Dripping Springs TX 78620 at an adjusted $409,968, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in VALLEY LAKE HILLS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group