11201 Bonham Ranch RD # 10, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $951,806. To sell within a reasonable timeframe at fair market value, the $735,000 to $745,000 range is where I'd position this. In the current 78620 market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (294 sqft compared to the average comp) is a meaningful differentiator in this price range. At 15.00 acres, the lot is larger than the 2.69 acre comp average, which factors into pricing. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. In 78620, home values have fallen approximately 6.5% over the past 6 months. One of the strongest data points is 18140 Compass CIR, Dripping Springs TX 78620, adjusting to $889,305; 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