1080 Old Red Ranch RD, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $1,140,509. For a well positioned listing in VISTA GRANDE, I'd target the $778,000 to $788,000 range. With 4 comparable homes on the market in VISTA GRANDE, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. Being 182 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1998 construction puts this home 11 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in VISTA GRANDE; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 6.7% since 6 months ago. The most comparable recent sale is 933 Beauchamp RD, Dripping Springs TX 78620, with an adjusted value of $885,665; with a smaller floor plan. 7 comparable transactions in VISTA GRANDE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group