1201 Oak Meadow DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $704,689. To generate strong buyer interest while maximizing value, I'd price this between $706,000 and $723,000. With 3 comparable homes on the market in SUNSET CANYON, this price positions the property as the most expensive of 3 comparable homes on the market. At 2.70 acres, the lot is larger than the 1.75 acre comp average, which factors into pricing. With 3 similar homes currently listed in SUNSET CANYON (a balanced market), competition is a factor to consider. The trend in SUNSET CANYON shows prices have fallen 5.2% in the past 6 months. 518 Clear Creek LN, Dripping Springs TX 78620 nearby adjusts to $638,606; a strong comparable. 7 comparable transactions in SUNSET CANYON 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