501 Old Fitzhugh RD, Dripping Springs TX 78620

The estimated value of this property is $345,899, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $336,000 and $356,000. In the current 78620 market with 1 similar homes available, this price represents below the only comparable home currently on the market. This home's smaller footprint (774 sqft vs the comp average) plays a role in how the market prices it. Built in 1940, this home is 83 years older than the average comp, which is reflected in the adjustments. The active market in 78620 includes 1 comparable homes priced from $545,000 to $545,000. Recent trends in 78620 show home values have fallen 6.4% since 6 months ago. The most comparable recent sale is 121 Francesco LN, Dripping Springs TX 78620, with an adjusted value of $361,200; with a larger floor plan. With 7 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