11050 Bonham Ranch RD, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $849,698. I'd recommend coming to market at $990,000 to $1,029,000 to strike the right balance between value and market velocity. In the current 78620 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1,385 sqft size difference versus comparable sales is reflected in the adjusted values. The 14.65 acre lot (larger than the 4.59 acre average) is reflected in the estimate. Buyers in 78620 have 3 comparable options right now, with asking prices between $879,000 and $1,199,000. The trend in 78620 shows prices have fallen 6.7% in the past 6 months. 11904 Fitzhugh Corners, Dripping Springs TX 78620 nearby adjusts to $219,100; with a smaller floor plan. 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