116 Summit DR, Dripping Springs TX 78620

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $390,832. Pricing this home between $379,000 and $403,000 would put it in the competitive sweet spot for NORTH FORTY. This pricing would rank the home as below the only comparable home currently on the market in NORTH FORTY's current inventory. Being 842 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 19 years older than typical comps, the 1987 build date influences the valuation. 1 similar homes are currently available in NORTH FORTY, creating a buyer's market for this price range. Market data shows 78620 prices fallen 5.6% over the last half year. The closest comparable sale, 251 Oak Grove DR, Dripping Springs TX 78620 at an adjusted $594,380, is with a larger floor plan. The comp data here (7 sales in NORTH FORTY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus