416 Shadywood LN, Dripping Springs TX 78620

After reviewing 5 recent transactions in HIDDEN SPGS RANCH, I estimate this property's value at $1,215,092. A competitive list price for this home right now would fall in the $1,191,000 to $1,239,000 range. This home's position in the current HIDDEN SPGS RANCH market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (626 sqft compared to the average comp) is a meaningful differentiator in this price range. Having a pool is a plus; 3 of the 5 comps lacked one. With 7 similar homes currently listed in HIDDEN SPGS RANCH (a buyer's market), competition is a factor to consider. Prices in 78620 have fallen 8% over the last 6 months. A similar home at 547 Broken Lance DR, Dripping Springs TX 78620 carries an adjusted comparable value of $941,549, providing a strong data point. The comp data here (5 sales in HIDDEN SPGS RANCH) 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