129 Valley Ridge DR, Dripping Springs TX 78620

The market data from 3 similar recent sales in 78620 points to a value of approximately $718,361. To sell within a reasonable timeframe at fair market value, the $389,000 to $399,000 range is where I'd position this. With 7 comparable homes on the market in 78620, this price positions the property as the most expensive of 7 comparable homes on the market. The larger floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. At 4.92 acres, the lot is larger than the 4.43 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 251 Oak Grove DR, Dripping Springs TX 78620, adjusting to $795,043; with a smaller floor plan. 3 comparable transactions in 78620 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