1101 Myers Creek RD, Dripping Springs TX 78620

The estimated value of this property is $704,999, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $600,000 and $610,000. With 6 comparable homes on the market in 78620, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. The smaller floor plan (661 sqft compared to the average comp) is a meaningful differentiator in this price range. The 10.27 acre lot (larger than the 5.15 acre average) is reflected in the estimate. There are currently 6 similar homes on the market in 78620, ranging from $596,000 to $3,500,000. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 151 Cotton RD, Dripping Springs TX 78620, with an adjusted value of $350,488; a strong comparable. Based on 7 relevant data points in 78620, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX