500 Spring Creek RD # A, 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 $1,041,555. I'd recommend coming to market at $1,492,000 to $1,794,000 to strike the right balance between value and market velocity. Among the similar homes currently available in LITTLE BELL, this price point stands out as competitive. Built in 2016, this home is 8 years older than the average comp, which is reflected in the adjustments. The 12.94 acre lot (larger than the 1.47 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in LITTLE BELL, listed between $1,100,000 and $3,199,000. The trend in 78620 shows prices have fallen 5.7% in the past 6 months. 323 Stonegate LN, Dripping Springs TX 78620 nearby adjusts to $1,248,669; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group