205 Oak RDG, Dripping Springs TX 78620

The market data from 7 similar recent sales in RIVER OAKS RANCH points to a value of approximately $614,991. To sell within a reasonable timeframe at fair market value, the $472,000 to $482,000 range is where I'd position this. Against 1 similar active listings in RIVER OAKS RANCH, this price point lands at above the only comparable home currently on the market. This home's smaller footprint (937 sqft vs the comp average) plays a role in how the market prices it. The 1983 construction puts this home 15 years older than the comp average, a factor in the pricing. There are currently 1 similar homes on the market in RIVER OAKS RANCH, ranging from $480,000 to $480,000. In 78620, home values have fallen approximately 2.7% over the past 6 months. One of the strongest data points is 2415 Overland Stage RD, Dripping Springs TX 78620, adjusting to $583,034; a strong comparable. 7 comparable transactions in RIVER OAKS RANCH 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