23175 Ranch Road 12, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $570,557. For a well positioned listing in 78620, I'd target the $559,000 to $582,000 range. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in 78620. Being 213 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1999 construction puts this home 11 years older than the comp average, a factor in the pricing. Buyers in 78620 have 3 comparable options right now, with asking prices between $799,000 and $950,000. Recent trends in 78620 show home values have fallen 5.8% since 6 months ago. The most comparable recent sale is 190 Brownson LN, Driftwood TX 78619, with an adjusted value of $591,908; 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