181 Taos TRL, Dripping Springs TX 78620

Based on 7 closed sales in NORTHRIDGE, the data points to a value around $472,477 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $609,000 to $656,000. Relative to what's currently available in NORTHRIDGE, this home would be the most affordable of 4 comparable homes on the market. Being 196 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 2.01 acres versus 2.68 for the typical comp. Current inventory shows 4 comparable homes in NORTHRIDGE; a buyer's market based on recent absorption. Market data shows 78620 prices fallen 6.6% over the last half year. The closest comparable sale, 215 Vail River RD, Dripping Springs TX 78620 at an adjusted $515,924, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in NORTHRIDGE. 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