3033 McGregor LN, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $819,509. Based on how the local market is moving, a list price between $648,000 and $658,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in MADRONE RANCH & II-B's current inventory. At 126 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (5.00 acres versus the area average of 3.05) contributes to the valuation. 5 similar homes are currently available in MADRONE RANCH & II-B, creating a buyer's market for this price range. The 6 month price trend in 78620: fallen 5.7%. The best comp here is 170 Pink Granite BLVD, Dripping Springs TX 78620 at an adjusted value of $587,047, a strong comparable. With 7 comparable sales in MADRONE RANCH & II-B, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group