10704 Lake Beach DR, Dripping Springs TX 78620

The estimated value of this property is $450,262, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $473,000 and $479,000. In the current MOUNTAIN CREEK LAKES market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The smaller floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2015, this home is 7 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in MOUNTAIN CREEK LAKES (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 10115 Longhorn SKWY, Dripping Springs TX 78620, with an adjusted value of $441,168; a strong comparable. With 3 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