501 Blue Ridge DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in BLUE RIDGE points to a value of approximately $409,710. To sell within a reasonable timeframe at fair market value, the $420,000 to $455,000 range is where I'd position this. With 7 comparable homes on the market in BLUE RIDGE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1980 construction puts this home 40 years older than the comp average, a factor in the pricing. At 1.88 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. Buyers in BLUE RIDGE have 7 comparable options right now, with asking prices between $389,990 and $795,000. In 78620, home values have fallen approximately 3.4% over the past 6 months. One of the strongest data points is 106 Retha DR, Dripping Springs TX 78620, adjusting to $392,598; 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