400 Harmon Hills, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $455,882. For a well positioned listing in 78620, I'd target the $308,000 to $318,000 range. In the current 78620 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 2007 construction puts this home 5 years older than the comp average, a factor in the pricing. At 2.19 acres, the lot is larger than the 0.78 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 3.9% since 6 months ago. The most comparable recent sale is 251 Barton Meadow DR, Dripping Springs TX 78620, with an adjusted value of $543,159; with a smaller floor plan. 7 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