124 Angel Fire RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in NORTHRIDGE points to a value of approximately $730,594. To sell within a reasonable timeframe at fair market value, the $709,000 to $753,000 range is where I'd position this. With 1 comparable homes on the market in NORTHRIDGE, this price positions the property as below the only comparable home currently on the market. At 730 sqft larger than the typical comp, the size difference factors into the valuation. The 2003 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in NORTHRIDGE; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 215 Vail River RD, Dripping Springs TX 78620, adjusting to $539,560; with a smaller floor plan. 7 comparable transactions in NORTHRIDGE 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