The estimated value of this property is $1,024,135, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $731,000 and $741,000. In the current GIBSON-WERTH market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 5.18 acre lot (larger than the 2.16 acre average) is reflected in the estimate. With 7 similar homes currently listed in GIBSON-WERTH (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 402 Lander LN, Dripping Springs TX 78620, with an adjusted value of $1,232,385; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
