206 River RUN, Dripping Springs TX 78620

The estimated value of this property is $601,865, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $452,000 and $462,000. With 2 comparable homes on the market in RIVER OAKS RANCH, this price positions the property as the most expensive of 2 comparable homes on the market. The 2.51 acre lot (larger than the 2.34 acre average) is reflected in the estimate. Right now, 2 similar properties are competing for buyers in RIVER OAKS RANCH, listed between $425,000 and $719,000. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 32139 Mirela Anne RD, Dripping Springs TX 78620, with an adjusted value of $581,030; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group