209 River RUN, Dripping Springs TX 78620

The estimated value of this property is $628,743, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $462,000 and $472,000. Against 1 similar active listings in 78620, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (1,032 sqft vs the comp average) plays a role in how the market prices it. Built in 1983, this home is 7 years older than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.3% since 6 months ago. The most comparable recent sale is 251 Oak Grove DR, Dripping Springs TX 78620, with an adjusted value of $642,190; with a larger floor plan. 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