17404 Lakewood, Dripping Springs TX 78620

After reviewing 3 recent transactions in MOUNTAIN CREEK LAKES, I estimate this property's value at $535,811. A competitive list price for this home right now would fall in the $520,000 to $552,000 range. Buyers shopping in MOUNTAIN CREEK LAKES right now would see this as a well positioned option among 5 comparable homes. The larger floor plan (269 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.50 acres versus the area average of 0.45) contributes to the valuation. 5 similar homes are currently available in MOUNTAIN CREEK LAKES, creating a buyer's market for this price range. Prices in 78620 have fallen 6.7% over the last 6 months. A similar home at 17837 Panorama DR, Dripping Springs TX 78620 carries an adjusted comparable value of $523,025, providing a strong data point. With 3 comparable sales in MOUNTAIN CREEK LAKES, 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