1421 Shelton Ranch RD, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $572,790. To generate strong buyer interest while maximizing value, I'd price this between $495,000 and $505,000. Among the similar homes currently available in 78620, this price point stands out as competitive. The 2004 construction puts this home 8 years older than the comp average, a factor in the pricing. At 2.50 acres, the lot is larger than the 0.87 acre comp average, which factors into pricing. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. The trend in 78620 shows prices have fallen 6.1% in the past 6 months. 504 Roy Creek LN, Dripping Springs TX 78620 nearby adjusts to $572,840; a strong comparable. The 7 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