2200 W Fitzhugh RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $1,044,467. To sell within a reasonable timeframe at fair market value, the $1,013,000 to $1,076,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78620. At 2,067 sqft larger than the typical comp, the size difference factors into the valuation. At 13.00 acres, the lot is larger than the 2.79 acre comp average, which factors into pricing. The active market in 78620 includes 1 comparable homes priced from $1,250,000 to $1,250,000. In 78620, home values have fallen approximately 6.4% over the past 6 months. One of the strongest data points is 2030 Spring Valley DR, Dripping Springs TX 78620, adjusting to $640,120; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group