1215 Quail Ridge DR, Dripping Springs TX 78620

The estimated value of this property is $728,472, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $188,000 and $198,000. In the current 78620 market with 1 similar homes available, this price represents below the only comparable home currently on the market. The smaller floor plan (116 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2.56 acre lot (larger than the 2.30 acre average) is reflected in the estimate. With 1 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 1035 Westland Ridge RD, Dripping Springs TX 78620, with an adjusted value of $919,915; a strong comparable. With 7 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