502 Terrace Canyon DR, Dripping Springs TX 78620

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $689,838. I'd recommend coming to market at $706,000 to $756,000 to strike the right balance between value and market velocity. Against 3 similar active listings in SUNSET CANYON, this price point lands at the most affordable of 3 comparable homes on the market. Being 164 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1.47 acre lot (larger than the 1.41 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in SUNSET CANYON, listed between $745,000 and $800,000. The trend in SUNSET CANYON shows prices have fallen 5.2% in the past 6 months. 518 Clear Creek LN, Dripping Springs TX 78620 nearby adjusts to $608,623; a strong comparable. 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