105 W Lakeshore DR, Dripping Springs TX 78620

Based on 7 closed sales in RIVER OAKS RANCH, the data points to a value around $670,506 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $491,000 to $501,000. This would position the home competitively among 3 active listings in RIVER OAKS RANCH. Being built in 2007 (10 years newer than comps) is factored into the value estimate. Lot size matters here: 2.50 acres versus 3.21 for the typical comp. With 3 similar homes currently listed in RIVER OAKS RANCH (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 6.1% over the last half year. The closest comparable sale, 32139 Mirela Anne RD, Dripping Springs TX 78620 at an adjusted $634,355, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in RIVER OAKS RANCH. 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