4503 W Highway 290, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $980,586. To sell within a reasonable timeframe at fair market value, the $1,119,000 to $1,236,000 range is where I'd position this. With 5 comparable homes on the market in 78620, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. This home's larger footprint (959 sqft vs the comp average) plays a role in how the market prices it. The 1998 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in 78620; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 309 Hacienda PL, Dripping Springs TX 78620, adjusting to $1,236,187; with a pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group