31451 Ranch Road 12, Dripping Springs TX 78620

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,314,805. Pricing this home between $1,116,000 and $1,126,000 would put it in the competitive sweet spot for 78620. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in 78620's current inventory. Having a pool is a plus; 1 of the 7 comps lacked one. At 5 years older than typical comps, the 2002 build date influences the valuation. With 4 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 6.2% over the last half year. The closest comparable sale, 12310 Triple Creek DR, Dripping Springs TX 78620 at an adjusted $1,662,335, is with a smaller floor plan. The comp data here (7 sales in 78620) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus