1668 Rutherford DR, Dripping Springs TX 78619

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,107,043. To generate strong buyer interest while maximizing value, I'd price this between $915,000 and $925,000. In the current RIM ROCK market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's larger footprint (269 sqft vs the comp average) plays a role in how the market prices it. At 3.04 acres, the lot is larger than the 1.35 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in RIM ROCK; a buyer's market based on recent absorption. The trend in RIM ROCK shows prices have fallen 5.2% in the past 6 months. 1177 Bluff Woods DR, Driftwood TX 78619 nearby adjusts to $1,042,698; with a larger floor plan. 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