1461 W Highway 290, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $403,324. A competitive list price for this home right now would fall in the $289,000 to $299,000 range. This home's position in the current 78620 market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. The smaller floor plan (596 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (2.83 acres versus the area average of 1.18) contributes to the valuation. The active market in 78620 includes 3 comparable homes priced from $289,900 to $539,000. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 341 Rose DR # A, Dripping Springs TX 78620 carries an adjusted comparable value of $259,980, 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