294 Madera WAY, Dripping Springs TX 78620

The market data from 7 similar recent sales in DOS LAGOS points to a value of approximately $848,768. To sell within a reasonable timeframe at fair market value, the $675,000 to $685,000 range is where I'd position this. Against 7 similar active listings in DOS LAGOS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (129 sqft vs the comp average) plays a role in how the market prices it. At 2.00 acres, the lot is smaller than the 2.36 acre comp average, which factors into pricing. 7 similar homes are currently available in DOS LAGOS, creating a buyer's market for this price range. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 265 McKellar RD, Dripping Springs TX 78620, adjusting to $1,207,288; with a pool. 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