108 Summit DR, Dripping Springs TX 78620

The estimated value of this property is $362,215, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $402,000 and $427,000. Against 7 similar active listings in 78620, this price point lands at the most affordable of 7 comparable homes on the market. Built in 1981, this home is 26 years older than the average comp, which is reflected in the adjustments. The 0.25 acre lot (smaller than the 1.38 acre average) is reflected in the estimate. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 553 Darley Oak DR, Dripping Springs TX 78620, with an adjusted value of $359,901; 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