209 Spanish Oak TRL, Dripping Springs TX 78620

The market data from 7 similar recent sales in OAK SPGS points to a value of approximately $568,730. To sell within a reasonable timeframe at fair market value, the $557,000 to $580,000 range is where I'd position this. In the current OAK SPGS market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 1996 construction puts this home 15 years older than the comp average, a factor in the pricing. At 2.00 acres, the lot is larger than the 1.02 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in OAK SPGS, listed between $474,995 and $850,000. In 78620, home values have fallen approximately 4.4% over the past 6 months. One of the strongest data points is 718 Post Oak DR, Dripping Springs TX 78620, adjusting to $625,301; a strong comparable. 7 comparable transactions in OAK SPGS 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