18000 Points East RDG, Dripping Springs TX 78620

The market data from 3 similar recent sales in 78620 points to a value of approximately $607,151. To sell within a reasonable timeframe at fair market value, the $481,000 to $491,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78620. This home's smaller footprint (202 sqft vs the comp average) plays a role in how the market prices it. At 1.11 acres, the lot is smaller than the 1.29 acre comp average, which factors into pricing. The active market in 78620 includes 7 comparable homes priced from $485,000 to $865,000. In 78620, home values have fallen approximately 5.4% over the past 6 months. One of the strongest data points is 10621 W Cave LOOP, Dripping Springs TX 78620, adjusting to $662,600; a strong comparable. 3 comparable transactions in 78620 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