501 Madrone Ranch TRL, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $790,016. Based on how the local market is moving, a list price between $650,000 and $660,000 would position this home well. This pricing would rank the home as the 2nd most expensive of 4 comparable homes on the market in MADRONE RANCH & II-B's current inventory. This home's smaller footprint (401 sqft vs the comp average) plays a role in how the market prices it. Having a pool is a plus; 7 of the 7 comps lacked one. Buyers in MADRONE RANCH & II-B have 4 comparable options right now, with asking prices between $596,000 and $1,850,000. The 6 month price trend in 78620: fallen 6.3%. The best comp here is 151 Cotton RD, Dripping Springs TX 78620 at an adjusted value of $379,231, with no pool. The comp data here (7 sales in MADRONE RANCH & II-B) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus