1215 Meadow Ridge DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in MEADOW CREEK RANCH points to a value of approximately $943,283. To sell within a reasonable timeframe at fair market value, the $614,000 to $624,000 range is where I'd position this. Against 6 similar active listings in MEADOW CREEK RANCH, this price point lands at the most expensive of 6 comparable homes on the market. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. At 3.97 acres, the lot is larger than the 2.34 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in MEADOW CREEK RANCH; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 1010 Meadow Ridge DR, Dripping Springs TX 78620, adjusting to $844,624; with a smaller floor plan and no pool. 7 comparable transactions in MEADOW CREEK RANCH 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