501 Madrone Canyon DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,113,167. To generate strong buyer interest while maximizing value, I'd price this between $1,080,000 and $1,147,000. Among the similar homes currently available in MADRONE CANYON RANCH, this price point stands out as competitive. Being 1,251 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. With 1 similar homes currently listed in MADRONE CANYON RANCH (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 6.4% in the past 6 months. 3100 W Fitzhugh RD, Dripping Springs TX 78620 nearby adjusts to $1,823,775; with a smaller floor plan. 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