501 Cottonwood Creek DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $1,017,624. For a well positioned listing in SUNSET CANYON, I'd target the $620,000 to $630,000 range. In the current SUNSET CANYON market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. This home's smaller footprint (116 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 3 of 4 comparable sales didn't include one. The active market in SUNSET CANYON includes 7 comparable homes priced from $547,990 to $1,049,000. Recent trends in SUNSET CANYON show home values have fallen 8.5% since 6 months ago. The most comparable recent sale is 701 W Creek DR, Dripping Springs TX 78620, with an adjusted value of $832,250; with a smaller floor plan and no pool. 4 comparable transactions in SUNSET CANYON 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