24101 Ranch Road 12, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,598,246. I'd recommend coming to market at $1,255,000 to $1,265,000 to strike the right balance between value and market velocity. Against 2 similar active listings in 78620, this price point lands at the most expensive of 2 comparable homes on the market. At 880 sqft larger than the typical comp, the size difference factors into the valuation. The 10.00 acre lot (larger than the 5.46 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in 78620; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6% in the past 6 months. 167 Vincas Shadow CT, Driftwood TX 78619 nearby adjusts to $1,341,000; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group