394 Beauchamp RD, Dripping Springs TX 78620

After reviewing 7 recent transactions in 78620, I estimate this property's value at $864,614. A competitive list price for this home right now would fall in the $582,000 to $592,000 range. Relative to what's currently available in 78620, this home would be the most expensive of 2 comparable homes on the market. The smaller lot (3.44 acres versus the area average of 6.04) contributes to the valuation. With 2 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Prices in 78620 have fallen 4.8% over the last 6 months. A similar home at 330 Mystic Creek DR, Dripping Springs TX 78620 carries an adjusted comparable value of $623,237, providing a strong data point. The comp data here (7 sales in 78620) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus