Ed's Opinion of Value

$350,000 Ed's Estimate: $460,855 $585,000
Lowest Comp Recommended List: $385,000 to $395,000 Highest Comp
After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $460,855. Pricing this home between $385,000 and $395,000 would put it in the competitive sweet spot for ABS B F HANNA SURVEY .54 AC MH-SER#RAD0256683. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in ABS B F HANNA SURVEY .54 AC MH-SER#RAD0256683's current inventory. At 18 years older than typical comps, the 2001 build date influences the valuation. The larger lot (2.54 acres versus the area average of 0.24) contributes to the valuation. Right now, 7 similar properties are competing for buyers in ABS B F HANNA SURVEY .54 AC MH-SER#RAD0256683, listed between $350,000 and $850,000. Market data shows 78620 prices fallen 8.2% over the last half year. The closest comparable sale, 106 Retha DR, Dripping Springs TX 78620 at an adjusted $436,350, is a strong comparable. The comp data here (7 sales in ABS B F HANNA SURVEY .54 AC MH-SER#RAD0256683) 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
3 Beds
2 Baths 2 Full
1,782 Sq Ft
2.54 Acres
2001 Built
2 Garage

About This Property

Great opportunity to own 2.5 unrestricted acres in close proximity to everything Dripping Springs has to offer. Enjoy easy access to local vineyards, distilleries, and breweries. This 3-bedroom, 2-bath ranch-style home features an updated kitchen with a breakfast nook overlooking wooded views. Large windows throughout ensure plenty of natural light. The flooring includes tile and luxury vinyl throughout the house. This home has solid bones and is ready for a new owner to personalize it. Relish the privacy and shade provided by the oak trees in the backyard. New HVAC and water heater. Located in the Dripping Springs ISD. Note: Chandelier in the breakfast nook does not convey.

Features

  • Ceiling Fan(s)
  • Entrance Foyer
  • Primary Bedroom on Main
  • Walk-In Closet(s)
  • See Remarks

Location

Schools

Property Details

Property Type Residential
Flooring Tile, Vinyl
Cooling Central Air
Heating Central, Electric
Exterior RV Hookup
County Hays
MLS # 6341020
Garage 2 spaces

Listing History

MLS# 6341020 97 days (96 CDOM)
Sep 9, 2024 Off Market
May 16, 2024 Price Change $600,000
Apr 19, 2024 Listed $625,000

Frequently Asked Questions About 401 Farrell RD, Dripping Springs TX 78620

When was 401 Farrell RD, Dripping Springs TX 78620 built?

401 Farrell RD, Dripping Springs TX 78620 was built in 2001.

How much does 401 Farrell RD, Dripping Springs TX 78620 cost?

401 Farrell RD, Dripping Springs TX 78620 sold on September 9, 2024. Contact us for sale price details.

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