2001 Lost Valley RD, Dripping Springs TX 78620

After reviewing 6 recent transactions in 78620, I estimate this property's value at $791,864. A competitive list price for this home right now would fall in the $768,000 to $816,000 range. Relative to what's currently available in 78620, this home would be the most affordable of 2 comparable homes on the market. At 8 years older than typical comps, the 2000 build date influences the valuation. The larger lot (8.01 acres versus the area average of 4.65) contributes to the valuation. 2 similar homes are currently available in 78620, creating a buyer's market for this price range. Prices in 78620 have fallen 5.7% over the last 6 months. A similar home at 700 Longview CIR, Dripping Springs TX 78620 carries an adjusted comparable value of $714,119, providing a strong data point. With 6 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group