195 Madrone Canyon DR, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $839,135. I'd recommend coming to market at $943,000 to $1,232,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78620, this price point stands out as competitive. Being 145 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2006, this home is 8 years newer than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in 78620, listed between $895,000 and $1,300,000. The trend in 78620 shows prices have fallen 6.5% in the past 6 months. 700 Pioneer TRL, Dripping Springs TX 78620 nearby adjusts to $1,231,875; with a smaller floor plan. Based on 7 relevant data points in 78620, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX