The estimated value of this property is $1,103,331, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $649,000 and $659,000. In the current GIBSON-WERTH market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 2015, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 5.18 acre lot (larger than the 2.54 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 7.5% since 6 months ago. The most comparable recent sale is 201 Terra Scena TRL, Dripping Springs TX 78620, with an adjusted value of $1,587,903; with a smaller floor plan. 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
