2224 Upper Branch CV, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $675,030. To sell within a reasonable timeframe at fair market value, the $537,000 to $547,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78620. The 1994 construction puts this home 13 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is larger than the 1.19 acre comp average, which factors into pricing. Buyers in 78620 have 7 comparable options right now, with asking prices between $530,000 and $699,000. In 78620, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 239 Cathedral Mountain DR, Dripping Springs TX 78620, adjusting to $545,408; a strong comparable. 7 comparable transactions in 78620 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