142 Pollys PT, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $1,245,495. A competitive list price for this home right now would fall in the $1,221,000 to $1,270,000 range. Buyers shopping in 78620 right now would see this as a well positioned option among 4 comparable homes. Having a pool is a plus; 1 of the 7 comps lacked one. At 10 years older than typical comps, the 2001 build date influences the valuation. Current inventory shows 4 comparable homes in 78620; a buyer's market based on recent absorption. Prices in 78620 have fallen 5.5% over the last 6 months. A similar home at 281 Colonial Affair, Austin TX 78737 carries an adjusted comparable value of $1,187,850, providing a strong data point. With 7 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group