315 Summit DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $392,578. For a well positioned listing in NORTH FORTY, I'd target the $279,000 to $289,000 range. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in NORTH FORTY. The smaller floor plan (804 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1984 construction puts this home 16 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in NORTH FORTY (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 8.4% since 6 months ago. The most comparable recent sale is 500 Grand Prairie CIR, Dripping Springs TX 78620, with an adjusted value of $326,890; with a larger floor plan. 7 comparable transactions in NORTH FORTY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group