307 Ella LN, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $490,063. To sell within a reasonable timeframe at fair market value, the $563,000 to $583,000 range is where I'd position this. Against 0 similar active listings in 78620, this price point lands at no active comparable homes on the market. The 558 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.22 acres, the lot is smaller than the 2.41 acre comp average, which factors into pricing. In 78620, home values have fallen approximately 5.4% over the past 6 months. One of the strongest data points is 901 Martin RD, Dripping Springs TX 78620, adjusting to $538,864; a strong comparable. 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