11356 Bonham Ranch RD, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $825,957. For a well positioned listing in 78620, I'd target the $801,000 to $851,000 range. Among the similar homes currently available in 78620, this price point stands out as competitive. The 118 sqft size difference versus comparable sales is reflected in the adjusted values. At 5.04 acres, the lot is larger than the 3.28 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in 78620, listed between $818,000 and $818,000. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 31887 Mirela Ann LN, Dripping Springs TX 78620, with an adjusted value of $685,617; with a smaller floor plan. 4 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