500 BLUE RIDGE DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $582,322. For a well positioned listing in BLUE RIDGE, I'd target the $424,000 to $434,000 range. In the current BLUE RIDGE market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. The 1995 construction puts this home 18 years older than the comp average, a factor in the pricing. At 2.05 acres, the lot is larger than the 1.83 acre comp average, which factors into pricing. 5 similar homes are currently available in BLUE RIDGE, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 120 Oak Springs DR, Dripping Springs TX 78620, with an adjusted value of $753,354; 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