319 Cathedral Mountain WAY, Dripping Springs TX 78620

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $509,475. I'd recommend coming to market at $559,000 to $592,000 to strike the right balance between value and market velocity. In the current BIG SKY RANCH market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. The larger floor plan (255 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.18 acre lot (larger than the 0.13 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in BIG SKY RANCH, listed between $544,990 and $609,900. The trend in BIG SKY RANCH shows prices have fallen 20.4% in the past 6 months. 462 El Capitan LOOP, Dripping Springs TX 78620 nearby adjusts to $529,827; with a larger floor plan. Based on 7 relevant data points in BIG SKY RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX