179 Candle Leaf CV, Dripping Springs TX 78620

The estimated value of this property is $1,333,730, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $717,000 and $727,000. In the current PRESERVE PH TWO market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 128 sqft size difference versus comparable sales is reflected in the adjusted values. The 3.85 acre lot (smaller than the 5.53 acre average) is reflected in the estimate. With 7 similar homes currently listed in PRESERVE PH TWO (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 5.5% since 6 months ago. The most comparable recent sale is 816 Drifting Wind RUN, Dripping Springs TX 78620, with an adjusted value of $1,224,317; with a larger floor plan and a pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group