11706 Crumley Ranch RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $396,376. To sell within a reasonable timeframe at fair market value, the $384,000 to $408,000 range is where I'd position this. In the current 78620 market with 1 similar homes available, this price represents below the only comparable home currently on the market. The 1987 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 1.14 acres, the lot is smaller than the 2.24 acre comp average, which factors into pricing. Buyers in 78620 have 1 comparable options right now, with asking prices between $800,000 and $800,000. In 78620, home values have fallen approximately 6.3% over the past 6 months. One of the strongest data points is 11904 Fitzhugh Corners, Dripping Springs TX 78620, adjusting to $160,863; with a larger 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