232 Crater Lake DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $479,828. To generate strong buyer interest while maximizing value, I'd price this between $514,000 and $548,000. In the current CANNON RANCH market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (159 sqft vs the comp average) plays a role in how the market prices it. With 7 similar homes currently listed in CANNON RANCH (a seller's market), competition is a factor to consider. The trend in CANNON RANCH shows prices have fallen 7.5% in the past 6 months. 198 Crater Lake DR, Dripping Springs TX 78620 nearby adjusts to $478,470; a strong comparable. 7 comparable transactions in CANNON RANCH 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