The market data from 4 similar recent sales in SADDLETREE RANCH points to a value of approximately $659,279. To sell within a reasonable timeframe at fair market value, the $473,000 to $483,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in SADDLETREE RANCH. At 268 sqft smaller than the typical comp, the size difference factors into the valuation. At 2.24 acres, the lot is larger than the 1.60 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in SADDLETREE RANCH, ranging from $480,000 to $630,000. In SADDLETREE RANCH, home values have fallen approximately 31.2% over the past 6 months. One of the strongest data points is 400 Saddlehorn DR, Dripping Springs TX 78620, adjusting to $702,004; with a larger floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group