1750 Loop 165, Dripping Springs TX 78620

Based on 5 closed sales in 78620, the data points to a value around $1,072,768 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $776,000 to $786,000. Buyers shopping in 78620 right now would see this as a well positioned option among 3 comparable homes. This home's larger footprint (619 sqft vs the comp average) plays a role in how the market prices it. Being built in 1997 (10 years older than comps) is factored into the value estimate. The active market in 78620 includes 3 comparable homes priced from $839,500 to $2,225,000. Market data shows 78620 prices fallen 4.5% over the last half year. The closest comparable sale, 2416 Divide PASS, Blanco TX 78606 at an adjusted $1,040,865, is with a smaller floor plan and a pool. The strength of this estimate comes from 5 directly comparable sales in 78620. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group