176 Shawnee TRL, Dripping Springs TX 78620

The market data from 3 similar recent sales in POUNDHOUSE HILLS points to a value of approximately $1,080,767. To sell within a reasonable timeframe at fair market value, the $746,000 to $756,000 range is where I'd position this. With 7 comparable homes on the market in POUNDHOUSE HILLS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (177 sqft vs the comp average) plays a role in how the market prices it. The 2011 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in POUNDHOUSE HILLS; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 236 Ranch Ridge DR, Dripping Springs TX 78620, adjusting to $1,047,164; with a pool. 3 comparable transactions in POUNDHOUSE HILLS 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