501 Goodnight TRL, Dripping Springs TX 78620

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $923,887. I'd recommend coming to market at $800,000 to $810,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 78620. At 282 sqft smaller than the typical comp, the size difference factors into the valuation. The 1.05 acre lot (smaller than the 1.10 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78620; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6.2% in the past 6 months. 550 Goodnight TRL, Dripping Springs TX 78620 nearby adjusts to $920,125; with a larger floor plan. With 3 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