170 Double L DR, Dripping Springs TX 78620

The market data from 4 similar recent sales in CALITERRA points to a value of approximately $915,230. To sell within a reasonable timeframe at fair market value, the $1,263,000 to $1,318,000 range is where I'd position this. Against 7 similar active listings in CALITERRA, this price point lands at the most affordable of 7 comparable homes on the market. At 148 sqft larger than the typical comp, the size difference factors into the valuation. At 0.22 acres, the lot is smaller than the 0.26 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CALITERRA; a seller's market based on recent absorption. In CALITERRA, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 222 Canal DR, Dripping Springs TX 78620, adjusting to $919,503; with a smaller floor plan and a pool. The 4 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