4950 Bell Springs, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $872,767. To sell within a reasonable timeframe at fair market value, the $508,000 to $518,000 range is where I'd position this. Among the similar homes currently available in 78620, this price point stands out as competitive. At 100 sqft larger than the typical comp, the size difference factors into the valuation. The 2007 construction puts this home 7 years older than the comp average, a factor in the pricing. The active market in 78620 includes 7 comparable homes priced from $459,990 to $1,279,000. In 78620, home values have fallen approximately 6.1% over the past 6 months. One of the strongest data points is 829 Pink Granite BLVD, Dripping Springs TX 78620, adjusting to $739,835; with a smaller floor plan. 7 comparable transactions in 78620 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group