500 Shelton Ranch RD, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $395,478. Based on how the local market is moving, a list price between $388,000 and $403,000 would position this home well. Buyers shopping in MADDOX RANCH right now would see this as a well positioned option among 6 comparable homes. The smaller floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. At 31 years older than typical comps, the 1978 build date influences the valuation. 6 similar homes are currently available in MADDOX RANCH, creating a buyer's market for this price range. The 6 month price trend in 78620: fallen 8%. The best comp here is 500 Grand Prairie CIR, Dripping Springs TX 78620 at an adjusted value of $397,522, a strong comparable. With 7 comparable sales in MADDOX RANCH, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group