240 Purcell PL, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $614,643. A competitive list price for this home right now would fall in the $666,000 to $744,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in 78620's current inventory. The smaller lot (0.50 acres versus the area average of 1.86) contributes to the valuation. There are currently 3 similar homes on the market in 78620, ranging from $595,000 to $850,000. Prices in 78620 have fallen 4.1% over the last 6 months. A similar home at 120 Oak Springs DR, Dripping Springs TX 78620 carries an adjusted comparable value of $743,522, providing a strong data point. With 7 comparable sales in 78620, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group