1120 Canyon View 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 $1,066,441. I'd recommend coming to market at $924,000 to $934,000 to strike the right balance between value and market velocity. In the current MEADOW CREEK RANCH market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (668 sqft compared to the average comp) is a meaningful differentiator in this price range. The 10.03 acre lot (larger than the 1.45 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in MEADOW CREEK RANCH, ranging from $909,000 to $2,665,000. The trend in 78620 shows prices have fallen 6.7% in the past 6 months. 1305 Park CV, Dripping Springs TX 78620 nearby adjusts to $1,454,125; with a smaller floor plan and a pool. 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