12807 Trail Driver, Dripping Springs TX 78620

The estimated value of this property is $1,324,078, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,158,000 and $1,168,000. In the current 78620 market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. The larger floor plan (928 sqft compared to the average comp) is a meaningful differentiator in this price range. The 6.24 acre lot (larger than the 2.01 acre average) is reflected in the estimate. There are currently 5 similar homes on the market in 78620, ranging from $1,172,700 to $2,250,000. Recent trends in 78620 show home values have fallen 6.3% since 6 months ago. The most comparable recent sale is 10 Scarlet RDG, Austin TX 78737, with an adjusted value of $1,218,600; with a smaller floor plan. Based on 7 relevant data points in 78620, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX