205 Shetland RD, Dripping Springs TX 78620

Based on 7 closed sales in BLUE RIDGE, the data points to a value around $411,709 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $439,000 to $465,000. Relative to what's currently available in BLUE RIDGE, this home would be the 3rd least expensive of 7 comparable homes on the market. Being built in 1995 (7 years older than comps) is factored into the value estimate. Lot size matters here: 2.01 acres versus 1.24 for the typical comp. The active market in BLUE RIDGE includes 7 comparable homes priced from $400,000 to $699,000. Market data shows 78620 prices fallen 5.5% over the last half year. The closest comparable sale, 106 Retha DR, Dripping Springs TX 78620 at an adjusted $399,282, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in BLUE RIDGE. 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