220 Kothmann RD, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Glenn H Kothman Prop

Ed's Opinion of Value

$594,557 Ed's Estimate: $898,481 $2,849,999
Lowest Comp Recommended List: $881,000 to $916,000 Highest Comp

Listing History

$3,000,000 List Price
$810,918 Comp Value
1 Price Reductions

This property was listed at $3,000,000 and withdrawn after 153 days on market. The price was reduced from $3,200,000 to $3,000,000. This listing activity factors into the valuation.

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $898,481. To generate strong buyer interest while maximizing value, I'd price this between $881,000 and $916,000. Against 2 similar active listings in GLENN H KOTHMAN PROP, this price point lands at the most affordable of 2 comparable homes on the market. At 172 sqft smaller than the typical comp, the size difference factors into the valuation. The 2023 construction puts this home 21 years newer than the comp average, a factor in the pricing. 7 comparable transactions in GLENN H KOTHMAN PROP 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
4 Beds
5 Baths 4 Full, 1 Half
2,453 Sq Ft
15.3 Acres
2023 Built

About This Property

Your very own custom home and retreat property set in the backdrop of tranquil hill country views and spring fed creek runs through the property in Dripping Springs, TX.15.3 acres wooded with majestic hardwoods and fruit trees of unrestricted land with unlimited potential. Build your dream home compound, retreat center, farm or whatever your heart desires. Full architectural plans, soil testing, and MEP engineering, upgraded septic system ready, and architectural plans included for a custom home and retreat center included. Whether you want to keep chickens, horses, bees or goats this property is perfectly ready to qualify for AG tax exemption. Value with plans and pre-construction site work is $1,530,000. Construction cost is *$1,062,500 for 2453 SF house with stunning 22 ft ceilings and Dojo with 6 Cabins adds *$637, 500. Total cost $3,200,000 ($1,500,000 to buy land and *$1,700,000 for construction) but will easily appraise over $4,000,000. Why not add an outdoor Pavilion, Japanese outdoor soaking tub, sauna, and cold plunge! All pre build work complete. Start construction now- no wait time. Builder, DaVinci Fine Homes

Features

  • 2 Primary Baths
  • 2 Primary Suites
  • Ceiling Fan(s)
  • High Ceilings
  • Quartz Counters
  • Double Vanity
  • Kitchen Island
  • Low Flow Plumbing Fixtures
  • Open Floorplan
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Location

Schools

Property Details

Property Type Residential
Flooring Wood
Cooling Central Air
Heating Central
Exterior Private Yard
County Hays
MLS # 1733902

Tax Information

Annual Taxes $3,267 (2021)

Listing History

MLS# 1733902 153 days
Dec 22, 2022 Off Market
Sep 26, 2022 Price Change $3,000,000
Jul 22, 2022 Listed $3,200,000

Frequently Asked Questions About 220 Kothmann RD, Dripping Springs TX 78620

When was 220 Kothmann RD, Dripping Springs TX 78620 built?

220 Kothmann RD, Dripping Springs TX 78620 was built in 2023.

How much does 220 Kothmann RD, Dripping Springs TX 78620 cost?

220 Kothmann RD, Dripping Springs TX 78620 is currently off market.

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