1702 Bell Springs RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in RIVER OAKS RANCH points to a value of approximately $616,840. To sell within a reasonable timeframe at fair market value, the $503,000 to $513,000 range is where I'd position this. With 3 comparable homes on the market in RIVER OAKS RANCH, this price positions the property as the most expensive of 3 comparable homes on the market. This home's smaller footprint (447 sqft vs the comp average) plays a role in how the market prices it. The 1993 construction puts this home 9 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in RIVER OAKS RANCH, creating a buyer's market for this price range. In 78620, home values have fallen approximately 6.4% over the past 6 months. One of the strongest data points is 2030 Spring Valley DR, Dripping Springs TX 78620, adjusting to $489,269; with a larger floor plan. 7 comparable transactions in RIVER OAKS RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group