4230 W HWY 290, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $531,129. I'd recommend coming to market at $515,000 to $547,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in 78620, this price positions the property as below the only comparable home currently on the market. Built in 1971, this home is 51 years older than the average comp, which is reflected in the adjustments. The 1.72 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Buyers in 78620 have 1 comparable options right now, with asking prices between $2,599,000 and $2,599,000. The trend in 78620 shows prices have fallen 5.4% in the past 6 months. 136 Bishop Wood RD, Dripping Springs TX 78620 nearby adjusts to $518,005; with a smaller floor plan. Based on 7 relevant data points in 78620, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX