1165 Sycamore Creek DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $971,663. For a well positioned listing in 78620, I'd target the $1,645,000 to $1,706,000 range. With 3 comparable homes on the market in 78620, this price positions the property as the most affordable of 3 comparable homes on the market. At 1,960 sqft larger than the typical comp, the size difference factors into the valuation. The 2005 construction puts this home 7 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in 78620, listed between $1,373,000 and $2,000,000. Recent trends in 78620 show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 312 STONEGATE LN, Dripping Springs TX 78620, with an adjusted value of $840,255; with a smaller floor plan. 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