11114 Bonham Ranch RD, Dripping Springs TX 78620

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,069,937. Pricing this home between $815,000 and $825,000 would put it in the competitive sweet spot for 78620. Relative to what's currently available in 78620, this home would be the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (259 sqft vs the comp average) plays a role in how the market prices it. The larger lot (6.15 acres versus the area average of 3.29) contributes to the valuation. The active market in 78620 includes 7 comparable homes priced from $825,000 to $2,499,000. Market data shows 78620 prices fallen 8.4% over the last half year. The closest comparable sale, 280 Hannah DR, Dripping Springs TX 78620 at an adjusted $924,721, is with a smaller floor plan. The comp data here (7 sales in 78620) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus