200 River RUN, Dripping Springs TX 78620

Based on 7 closed sales in RIVER OAKS RANCH, the data points to a value around $898,011 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $715,000 to $725,000. Relative to what's currently available in RIVER OAKS RANCH, this home would be the 2nd most expensive of 5 comparable homes on the market. The larger floor plan (119 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2003 (7 years newer than comps) is factored into the value estimate. With 5 similar homes currently listed in RIVER OAKS RANCH (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 5.7% over the last half year. The closest comparable sale, 2900 Stagecoach Ranch LOOP, Dripping Springs TX 78620 at an adjusted $1,561,466, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus