251 Farrell RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in BENJ F HANNA SURVEY points to a value of approximately $411,366. To sell within a reasonable timeframe at fair market value, the $493,000 to $498,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in BENJ F HANNA SURVEY. The 1970 construction puts this home 53 years older than the comp average, a factor in the pricing. At 1.98 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 7 similar homes are currently available in BENJ F HANNA SURVEY, creating a buyer's market for this price range. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 553 Darley Oak DR, Dripping Springs TX 78620, adjusting to $413,145; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group