107 Oak LN, 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 $646,626. I'd recommend coming to market at $466,000 to $476,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in RIVER OAKS RANCH, this price positions the property as the most expensive of 2 comparable homes on the market. The smaller floor plan (120 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2.50 acre lot (larger than the 2.36 acre average) is reflected in the estimate. The active market in RIVER OAKS RANCH includes 2 comparable homes priced from $425,000 to $719,000. The trend in 78620 shows prices have fallen 5.4% in the past 6 months. 32139 Mirela Anne RD, Dripping Springs TX 78620 nearby adjusts to $598,086; a strong comparable. 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