246 El Capitan LOOP, Dripping Springs TX 78620

The estimated value of this property is $470,973, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $511,000 and $535,000. Against 3 similar active listings in BIG SKY RANCH, this price point lands at the most affordable of 3 comparable homes on the market. This home's larger footprint (119 sqft vs the comp average) plays a role in how the market prices it. The 0.18 acre lot (larger than the 0.12 acre average) is reflected in the estimate. With 3 similar homes currently listed in BIG SKY RANCH (a buyer's market), competition is a factor to consider. Recent trends in BIG SKY RANCH show home values have fallen 19.7% since 6 months ago. The most comparable recent sale is 218 Glass Mountains WAY, Dripping Springs TX 78620, with an adjusted value of $424,224; with a smaller floor plan. Based on 7 relevant data points in BIG SKY RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX