216 Old Fitzhugh RD, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $406,264. A competitive list price for this home right now would fall in the $458,000 to $472,000 range. This would position the home competitively among 7 active listings in 78620. At 11 years older than typical comps, the 1996 build date influences the valuation. The smaller lot (1.00 acres versus the area average of 1.21) contributes to the valuation. 7 similar homes are currently available in 78620, creating a buyer's market for this price range. Prices in 78620 have fallen 6.6% over the last 6 months. A similar home at 2030 Spring Valley DR, Dripping Springs TX 78620 carries an adjusted comparable value of $471,914, providing a strong data point. With 7 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group