11201 Bonham Ranch RD # 14, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $882,740. To sell within a reasonable timeframe at fair market value, the $758,000 to $768,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78620. The 2002 construction puts this home 16 years older than the comp average, a factor in the pricing. At 14.98 acres, the lot is larger than the 0.39 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78620; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 17609 Wildrye DR, Austin TX 78738, adjusting to $789,644; a strong comparable. 7 comparable transactions in 78620 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group