23410 Ranch Road 12, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,264,678. To generate strong buyer interest while maximizing value, I'd price this between $893,000 and $903,000. Against 7 similar active listings in 78620, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1995 construction puts this home 20 years older than the comp average, a factor in the pricing. At 20.30 acres, the lot is larger than the 4.34 acre comp average, which factors into pricing. The active market in 78620 includes 7 comparable homes priced from $889,900 to $2,100,000. The trend in 78620 shows prices have fallen 6% in the past 6 months. 611 A Post Oak DR, Dripping Springs TX 78620 nearby adjusts to $1,598,729; with a pool. 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