208 Grand Prairie CIR, Dripping Springs TX 78620

The estimated value of this property is $512,261, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $402,000 and $412,000. With 7 comparable homes on the market in GRANDE PRAIRIE, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 1985, this home is 9 years older than the average comp, which is reflected in the adjustments. The 0.50 acre lot (smaller than the 2.25 acre average) is reflected in the estimate. With 7 similar homes currently listed in GRANDE PRAIRIE (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 300 Grand Prairie CIR, Dripping Springs TX 78620, with an adjusted value of $412,233; with a smaller floor plan. Based on 7 relevant data points in GRANDE PRAIRIE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX