1048 Myers Creek RD, Dripping Springs TX 78620

Taking into account 7 nearby comparable sales, this property's estimated value comes to $829,857. If we were to list this property today, I'd recommend a list price in the $465,000 to $475,000 range. Relative to what's currently available in 78620, this home would be the most expensive of 3 comparable homes on the market. This home's smaller footprint (108 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 11.21 acres versus 2.83 for the typical comp. With 3 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78620: fallen 6.4%. The best comp here is 650 Angel Fire DR, Dripping Springs TX 78620 at an adjusted value of $741,475, with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78620. 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