11355 Bonham Ranch RD, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $557,005. A competitive list price for this home right now would fall in the $359,000 to $369,000 range. This would position the home competitively among 7 active listings in 78620. The smaller floor plan (773 sqft compared to the average comp) is a meaningful differentiator in this price range. At 9 years newer than typical comps, the 2009 build date influences the valuation. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 710 Deer Creek CIR, Dripping Springs TX 78620 carries an adjusted comparable value of $409,191, providing a strong data point. With 7 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group