255 Harmon Hills RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in HARMON HILLS points to a value of approximately $502,488. To sell within a reasonable timeframe at fair market value, the $379,000 to $389,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in HARMON HILLS. The 1996 construction puts this home 12 years older than the comp average, a factor in the pricing. At 10.00 acres, the lot is larger than the 1.66 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in HARMON HILLS; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 116 Norway Spruce ST, Dripping Springs TX 78620, adjusting to $407,699; 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