Reviewing the most recent comparable transactions, this home's market value falls around $816,874. For a well positioned listing in HIDDEN SPRINGS RANCH, I'd target the $1,123,000 to $1,169,000 range. Among the similar homes currently available in HIDDEN SPRINGS RANCH, this price point stands out as competitive. This home's larger footprint (286 sqft vs the comp average) plays a role in how the market prices it. At 1.30 acres, the lot is larger than the 1.25 acre comp average, which factors into pricing. With 7 similar homes currently listed in HIDDEN SPRINGS RANCH (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 8.4% since 6 months ago. The most comparable recent sale is 152 Silver Hawk CT, Dripping Springs TX 78620, with an adjusted value of $739,104; with a smaller floor plan. 3 comparable transactions in HIDDEN SPRINGS RANCH 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
