31838 Ranch Road 12 RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in GIBSON-WERTH points to a value of approximately $433,391. To sell within a reasonable timeframe at fair market value, the $497,000 to $561,000 range is where I'd position this. In the current GIBSON-WERTH market with 0 similar homes available, this price represents no active comparable homes on the market. The 985 sqft size difference versus comparable sales is reflected in the adjusted values. The 1900 construction puts this home 92 years older than the comp average, a factor in the pricing. In 78620, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 920 Barton Creek DR, Dripping Springs TX 78620, adjusting to $634,685; with a larger floor plan. 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