12807 Trail Driver, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $1,334,115. A competitive list price for this home right now would fall in the $1,319,000 to $1,548,000 range. This home's position in the current 78620 market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. This home's larger footprint (1,275 sqft vs the comp average) plays a role in how the market prices it. The larger lot (6.24 acres versus the area average of 2.01) contributes to the valuation. There are currently 5 similar homes on the market in 78620, ranging from $1,172,700 to $1,999,000. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 10 Scarlet RDG, Austin TX 78737 carries an adjusted comparable value of $1,258,885, 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