31990 Ranch Road 12, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $529,355. For a well positioned listing in DEER CREEK RANCH, I'd target the $452,000 to $462,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in DEER CREEK RANCH. The 1998 construction puts this home 5 years older than the comp average, a factor in the pricing. At 1.33 acres, the lot is smaller than the 1.59 acre comp average, which factors into pricing. With 7 similar homes currently listed in DEER CREEK RANCH (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 710 Deer Creek CIR, Dripping Springs TX 78620, with an adjusted value of $434,299; with a smaller 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