1108 Bell Springs RD, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $521,747. For a well positioned listing in RIVER OAKS RANCH, I'd target the $659,000 to $674,000 range. With 3 comparable homes on the market in RIVER OAKS RANCH, this price positions the property as the most affordable of 3 comparable homes on the market. The 1996 construction puts this home 7 years older than the comp average, a factor in the pricing. At 2.50 acres, the lot is larger than the 1.82 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in RIVER OAKS RANCH, listed between $719,000 and $1,150,000. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 2030 Spring Valley DR, Dripping Springs TX 78620, with an adjusted value of $490,834; a strong comparable. The 7 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