500 O'Neill Ranch RD, Dripping Springs TX 78620

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $575,530. I'd recommend coming to market at $487,000 to $497,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in ONEILL RANCH, this price positions the property as the most expensive of 2 comparable homes on the market. At 114 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1988, this home is 17 years older than the average comp, which is reflected in the adjustments. There are currently 2 similar homes on the market in ONEILL RANCH, ranging from $449,900 to $499,980. The trend in 78620 shows prices have fallen 5.8% in the past 6 months. 106 Retha DR, Dripping Springs TX 78620 nearby adjusts to $421,625; a strong comparable. Based on 7 relevant data points in ONEILL RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX