2707 Gatlin Creek RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $562,300. To sell within a reasonable timeframe at fair market value, the $545,000 to $579,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78620. The 1994 construction puts this home 21 years older than the comp average, a factor in the pricing. At 12.50 acres, the lot is larger than the 1.02 acre comp average, which factors into pricing. There are currently 1 similar homes on the market in 78620, ranging from $1,747,000 to $1,747,000. In 78620, home values have fallen approximately 6.4% over the past 6 months. One of the strongest data points is 200 Oak Springs DR, Dripping Springs TX 78620, adjusting to $755,513; 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