5001 McGregor LN, Dripping Springs TX 78620

The market data from 7 similar recent sales in 78620 points to a value of approximately $964,857. To sell within a reasonable timeframe at fair market value, the $946,000 to $1,045,000 range is where I'd position this. Against 0 similar active listings in 78620, this price point lands at no active comparable homes on the market. This home's larger footprint (13,074 sqft vs the comp average) plays a role in how the market prices it. The 2012 construction puts this home 10 years newer than the comp average, a factor in the pricing. In 78620, home values have fallen approximately 4.8% over the past 6 months. One of the strongest data points is 312 STONEGATE LN, Dripping Springs TX 78620, adjusting to $927,825; with a smaller floor plan. 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