500 GATLIN CREEK RD, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $634,556. To sell within a reasonable timeframe at fair market value, the $742,000 to $806,000 range is where I'd position this. Among the similar homes currently available in 78620, this price point stands out as competitive. Being 257 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1997 construction puts this home 6 years older than the comp average, a factor in the pricing. Right now, 2 similar properties are competing for buyers in 78620, listed between $1,175,000 and $2,400,000. In 78620, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 708 Post Oak DR, Dripping Springs TX 78620, adjusting to $552,625; a strong comparable. 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