401 Lloyd LN, Dripping Springs TX 78620

After reviewing 7 recent transactions in BUTLER RANCH ESTATES, I estimate this property's value at $939,291. A competitive list price for this home right now would fall in the $806,000 to $816,000 range. Relative to what's currently available in BUTLER RANCH ESTATES, this home would be the 2nd most expensive of 3 comparable homes on the market. At 5 years older than typical comps, the 2015 build date influences the valuation. The larger lot (1.46 acres versus the area average of 0.61) contributes to the valuation. Current inventory shows 3 comparable homes in BUTLER RANCH ESTATES; a buyer's market based on recent absorption. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 1089 Blue Ridge DR, Dripping Springs TX 78620 carries an adjusted comparable value of $892,649, providing a strong data point. The comp data here (7 sales in BUTLER RANCH ESTATES) 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