1175 Old Red Ranch RD, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $862,986. I'd recommend coming to market at $555,000 to $565,000 to strike the right balance between value and market velocity. Against 2 similar active listings in VISTA GRANDE, this price point lands at the most expensive of 2 comparable homes on the market. This home's smaller footprint (1,003 sqft vs the comp average) plays a role in how the market prices it. Built in 2000, this home is 7 years older than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in VISTA GRANDE (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 6.4% in the past 6 months. 330 Mystic Creek DR, Dripping Springs TX 78620 nearby adjusts to $547,208; with a larger floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group