348 Old Mill DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $790,203. To generate strong buyer interest while maximizing value, I'd price this between $885,000 and $909,000. Against 2 similar active listings in SAWYER RANCH, this price point lands at the most affordable of 2 comparable homes on the market. Being 488 sqft larger than the average comparable sale in this area impacts the per square foot value. At 1.29 acres, the lot is larger than the 1.03 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in SAWYER RANCH; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 5.5% in the past 6 months. 121 White Wash, Dripping Springs TX 78620 nearby adjusts to $700,456; with a smaller floor plan. The 4 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