311 Meadow Oaks DR, Dripping Springs TX 78620

The market data from 4 similar recent sales in MEADOW OAKS points to a value of approximately $540,053. To sell within a reasonable timeframe at fair market value, the $448,000 to $458,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in MEADOW OAKS. The 106 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.60 acres, the lot is larger than the 0.49 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in MEADOW OAKS, listed between $460,000 and $650,000. In 78620, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 400 Meadow Oaks DR, Dripping Springs TX 78620, adjusting to $584,675; a strong comparable. The 4 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