460 Roy Breed RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $989,028. To sell within a reasonable timeframe at fair market value, the $698,000 to $708,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in 78620. The 2016 construction puts this home 5 years older than the comp average, a factor in the pricing. At 27.18 acres, the lot is larger than the 0.66 acre comp average, which factors into pricing. The active market in 78620 includes 6 comparable homes priced from $650,000 to $1,499,999. In 78620, home values have fallen approximately 4.8% over the past 6 months. One of the strongest data points is 446 Prairie Clover DR, Dripping Springs TX 78620, adjusting to $891,781; a strong comparable. 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