500 Cottonwood Creek RD, Dripping Springs TX 78620

The market data from 3 similar recent sales in SUNSET CANYON points to a value of approximately $709,776. To sell within a reasonable timeframe at fair market value, the $688,000 to $731,000 range is where I'd position this. In the current SUNSET CANYON market with 1 similar homes available, this price represents above the only comparable home currently on the market. The smaller floor plan (210 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2004 construction puts this home 10 years newer than the comp average, a factor in the pricing. 1 similar homes are currently available in SUNSET CANYON, creating a seller's market for this price range. In SUNSET CANYON, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 518 Clear Creek LN, Dripping Springs TX 78620, adjusting to $624,345; with a larger floor plan. The 3 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