397 Cottontail TRL, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $861,048. To generate strong buyer interest while maximizing value, I'd price this between $1,016,000 and $1,032,000. Against 1 similar active listings in 78620, this price point lands at below the only comparable home currently on the market. Being 734 sqft larger than the average comparable sale in this area impacts the per square foot value. At 5.00 acres, the lot is smaller than the 13.25 acre comp average, which factors into pricing. There are currently 1 similar homes on the market in 78620, ranging from $1,025,000 to $1,025,000. The trend in 78620 shows prices have fallen 5.4% in the past 6 months. 2001 Montell RD, Wimberley TX 78676 nearby adjusts to $1,032,204; with a larger floor plan and a pool. 6 comparable transactions in 78620 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group