The market data from 7 similar recent sales in SADDLETREE RANCH points to a value of approximately $1,016,796. To sell within a reasonable timeframe at fair market value, the $862,000 to $872,000 range is where I'd position this. Against 2 similar active listings in SADDLETREE RANCH, this price point lands at the most expensive of 2 comparable homes on the market. The 187 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.81 acres, the lot is larger than the 1.61 acre comp average, which factors into pricing. 2 similar homes are currently available in SADDLETREE RANCH, creating a balanced market for this price range. In SADDLETREE RANCH, home values have fallen approximately 29.1% over the past 6 months. One of the strongest data points is 301 Saddlehorn DR, Dripping Springs TX 78620, adjusting to $1,117,267; a strong comparable. The 7 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
