The comparable sales data (7 recent transactions in 78620) supports an estimated value of $620,209. The data suggests a list price between $514,000 and $524,000 would attract qualified buyers without leaving money on the table. This home's position in the current 78620 market: the most expensive of 4 comparable homes on the market among comparable properties. Lot size matters here: 5.98 acres versus 2.82 for the typical comp. There are currently 4 similar homes on the market in 78620, ranging from $549,900 to $699,000. Prices in 78620 have fallen 6.3% over the last 6 months. A similar home at 32139 Mirela Anne RD, Dripping Springs TX 78620 carries an adjusted comparable value of $684,245, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78620. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
