2901 Mcgregor LN, Dripping Springs TX 78620

The market data from 7 similar recent sales in MADRONE RANCH points to a value of approximately $1,068,084. To sell within a reasonable timeframe at fair market value, the $1,380,000 to $1,518,000 range is where I'd position this. In the current MADRONE RANCH market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The larger floor plan (422 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. With 5 similar homes currently listed in MADRONE RANCH (a buyer's market), competition is a factor to consider. In 78620, home values have fallen approximately 6.7% over the past 6 months. One of the strongest data points is 2121 Martin RD, Dripping Springs TX 78620, adjusting to $963,484; with no pool. 7 comparable transactions in MADRONE RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group