121 Ella LN, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $553,601. A competitive list price for this home right now would fall in the $537,000 to $570,000 range. This home's position in the current 78620 market: below the only comparable home currently on the market among comparable properties. At 6 years older than typical comps, the 2003 build date influences the valuation. The larger lot (4.94 acres versus the area average of 1.65) contributes to the valuation. Right now, 1 similar properties are competing for buyers in 78620, listed between $596,000 and $596,000. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 151 Cotton RD, Dripping Springs TX 78620 carries an adjusted comparable value of $346,002, providing a strong data point. The comp data here (7 sales in 78620) 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