1311 Park CV, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $826,059. For a well positioned listing in MEADOW CREEK RANCH, I'd target the $645,000 to $655,000 range. With 4 comparable homes on the market in MEADOW CREEK RANCH, this price positions the property as the most expensive of 4 comparable homes on the market. The larger floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. At 2.50 acres, the lot is larger than the 2.21 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in MEADOW CREEK RANCH, ranging from $599,000 to $973,900. Recent trends in 78620 show home values have fallen 2.3% since 6 months ago. The most comparable recent sale is 1010 Meadow Ridge DR, Dripping Springs TX 78620, with an adjusted value of $758,344; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group