291 Lukas TRL, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $798,514. For a well positioned listing in HURLBUT RANCH EAST, I'd target the $783,000 to $814,000 range. In the current HURLBUT RANCH EAST market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (842 sqft vs the comp average) plays a role in how the market prices it. At 20.70 acres, the lot is larger than the 7.17 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in HURLBUT RANCH EAST; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 255 Rocky Creek RD, Dripping Springs TX 78620, with an adjusted value of $759,372; with a larger floor plan. The 3 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