2601 Mcgregor LN, 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 $669,640. I'd recommend coming to market at $730,000 to $803,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 78620, this price point lands at the 3rd most expensive of 5 comparable homes on the market. Built in 1994, this home is 10 years older than the average comp, which is reflected in the adjustments. The 4.96 acre lot (larger than the 4.01 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in 78620, listed between $596,000 and $1,000,000. The trend in 78620 shows prices have fallen 5.7% in the past 6 months. 2801 Martin RD, Dripping Springs TX 78620 nearby adjusts to $1,291,992; with a larger floor plan. Based on 7 relevant data points in 78620, 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