1325 Old Red Ranch RD, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $874,370. I'd recommend coming to market at $559,000 to $569,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in VISTA GRANDE. The smaller floor plan (1,093 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1999, this home is 10 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. The trend in 78620 shows prices have fallen 6.4% in the past 6 months. 330 Mystic Creek DR, Dripping Springs TX 78620 nearby adjusts to $554,417; with a larger floor plan. Based on 7 relevant data points in VISTA GRANDE, 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