501 S Oak Forest DR, Dripping Springs TX 78620

Dripping Springs, TX 78620 | River Oaks Ranch

Off Market

Exterior view of 501 S Oak Forest DR, Dripping Springs TX 78620

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Ed's Opinion of Value

$665,108 Ed's Estimate: $752,585 $1,200,000

Lowest Comp Recommended List: $479,000 to $489,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $752,585. For a well positioned listing in 78620, I'd target the $479,000 to $489,000 range. Among the similar homes currently available in 78620, this price point stands out as competitive. At 20.16 acres, the lot is larger than the 3.06 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in 78620, listed between $393,750 and $1,200,000. Recent trends in 78620 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 10978 W Cave BLVD, Dripping Springs TX 78620, with an adjusted value of $706,256; a strong comparable. 7 comparable transactions in 78620 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

78620 Market Trends

$600,000 Median Sold Price ▼ 6.8% 6mo

$244/sqft Median $/SqFt ▼ 1.2% 6mo

63 days Avg Days on Market 5 days faster

237 homes Active Inventory 4.6 mo supply

97.5% Sale-to-List Ratio

311 Sales (6 months)

Recently Sold Comparables

$706,256 adjusted 10978 W Cave BLVD, Dripping Springs TX 78620 3bd / 2.0ba • 2,300 sqft • 3.4 mi Sold 1 months ago

$787,098 adjusted 440 Barton Creek DR, Dripping Springs TX 78620 3bd / 2.0ba • 2,325 sqft • 3.4 mi Sold 8 months ago

$850,775 adjusted 920 Barton Creek DR, Dripping Springs TX 78620 3bd / 2.0ba • 2,246 sqft • 3.7 mi Sold 9 months ago

$665,108 adjusted 31305 RR 12, Dripping Springs TX 78620 3bd / 3.0ba • 2,179 sqft • 3.8 mi Sold 5 months ago

$761,215 adjusted 203 Stirrup DR, Dripping Springs TX 78620 4bd / 2.0ba • 2,394 sqft • 2.4 mi Sold 8 months ago

Currently on Market

$849,000 3660 Stagecoach Ranch LOOP, Dripping Springs TX 78620 3bd / 2.0ba • 2,238 sqft • 1.7 mi 1 days on market

$1,200,000 200 Vista West Ranch RD, Dripping Springs TX 78620 3bd / 2.0ba • 2,229 sqft • 2.7 mi 27 days on market

$1,099,000 290 Sunset RDG, Dripping Springs TX 78620 4bd / 3.0ba • 2,395 sqft • 1.4 mi 56 days on market

3 Beds

2 Baths 2 Full

2,236 Sq Ft

20.155 Acres

1994 Built

2 Garage

About This Property

A great 20 acre property with lots of options. 2236 sqft semi southwest single story home with rain water collection. Private master suite. French doors on each bedroom. Clay tile roof. Courtyard and garden with potting shed. 2000+- sq ft airplane hanger and 250 sq ft metal shop building with water, ac and power. FAA approved grass runway. Animal & Horse friendly. Nice views to the north. Lightly restricted and easy access to Bee Cave and Austin. Lots of options here! Dripping Springs schools.FEMA - Unknown Restrictions: Yes

Features

Breakfast Bar
Primary Bedroom on Main

Location

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Schools

School District Dripping Springs ISD

Elementary Dripping Springs

Middle School Dripping Springs Middle

High School Dripping Springs

Property Details

Property Type Residential

Flooring Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Gutters Partial, Private Yard

County Hays

MLS # 4286432

Garage 2 spaces

Listing History

MLS# 4286432 8 days

Apr 21, 2017	Off Market
Mar 20, 2017	Listed		$749,900

Frequently Asked Questions About 501 S Oak Forest DR, Dripping Springs TX 78620

When was 501 S Oak Forest DR, Dripping Springs TX 78620 built?

501 S Oak Forest DR, Dripping Springs TX 78620 was built in 1994.

How much does 501 S Oak Forest DR, Dripping Springs TX 78620 cost?

501 S Oak Forest DR, Dripping Springs TX 78620 sold on April 21, 2017. Contact us for sale price details.

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