240 Diamond Point DR, Dripping Springs TX 78620

After reviewing 3 recent transactions in TEXAS HERITAGE, I estimate this property's value at $414,430. A competitive list price for this home right now would fall in the $432,000 to $461,000 range. This home's position in the current TEXAS HERITAGE market: the most affordable of 4 comparable homes on the market among comparable properties. At 202 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.08 acres versus the area average of 0.12) contributes to the valuation. Buyers in TEXAS HERITAGE have 4 comparable options right now, with asking prices between $389,990 and $508,990. Prices in 78620 have fallen 5.4% over the last 6 months. A similar home at 168 Iron Rail RD, Dripping Springs TX 78620 carries an adjusted comparable value of $428,523, providing a strong data point. The comp data here (3 sales in TEXAS HERITAGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus