1275 Old Red Ranch RD, Dripping Springs TX 78620

The estimated value of this property is $1,029,217, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $763,000 and $773,000. With 2 comparable homes on the market in VISTA GRANDE, this price positions the property as the most expensive of 2 comparable homes on the market. The smaller floor plan (231 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2000, this home is 9 years older than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in VISTA GRANDE (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 160 Mystic Creek DR, Dripping Springs TX 78620, with an adjusted value of $1,331,944; with a larger floor plan and a pool. 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