242 Frog Pond LN # B, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $364,447. To generate strong buyer interest while maximizing value, I'd price this between $314,000 and $324,000. In the current 78620 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 106 sqft larger than the typical comp, the size difference factors into the valuation. At 0.00 acres, the lot is smaller than the 1.02 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 6.7% in the past 6 months. 500 Grand Prairie CIR, Dripping Springs TX 78620 nearby adjusts to $401,898; with a smaller floor plan. 7 comparable transactions in 78620 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