27950 RR 12, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $454,765. For a well positioned listing in 78620, I'd target the $330,000 to $340,000 range. With 7 comparable homes on the market in 78620, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Being 391 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1981 construction puts this home 19 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 811 Post Oak DR, Dripping Springs TX 78620, with an adjusted value of $511,094; with a larger floor plan. 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