505 Saddletree LN, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Saddletree Ranch

Off Market

Exterior view of 505 Saddletree LN, Dripping Springs TX 78620

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Ed's Opinion of Value

$629,953 Ed's Estimate: $718,976 $925,000

Lowest Comp Recommended List: $805,000 to $809,000 Highest Comp

The estimated value of this property is $718,976, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $805,000 and $809,000. With 3 comparable homes on the market in SADDLETREE RANCH, this price positions the property as the most affordable of 3 comparable homes on the market. At 337 sqft larger than the typical comp, the size difference factors into the valuation. The 1.47 acre lot (smaller than the 1.51 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in SADDLETREE RANCH, ranging from $879,000 to $925,000. Recent trends in SADDLETREE RANCH show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 208 Saddletree LN, Dripping Springs TX 78620, with an adjusted value of $629,953; a strong comparable. With 4 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

SADDLETREE RANCH Market Trends

$775,000 Median Sold Price ▼ 8.3% 6mo

$258/sqft Median $/SqFt ▼ 13.7% 6mo

44 days Avg Days on Market 9 days faster

4 homes Active Inventory 4.8 mo supply

93.8% Sale-to-List Ratio

5 Sales (6 months)

Recently Sold Comparables

$629,953 adjusted 208 Saddletree LN, Dripping Springs TX 78620 4bd / 3.0ba • 3,144 sqft • 0.4 mi Sold 9 months ago

$722,609 adjusted 301 Sundance TRL, Dripping Springs TX 78620 5bd / 4.0ba • 3,188 sqft • 0.4 mi Sold 3 months ago

$753,031 adjusted 310 Saddle Blanket DR, Dripping Springs TX 78620 5bd / 3.0ba • 2,612 sqft • 0.1 mi Sold 2 months ago

$805,450 adjusted 116 Saddlehorn DR, Dripping Springs TX 78620 4bd / 3.0ba • 2,650 sqft • 0.7 mi Sold 11 months ago

Currently on Market

$925,000 508 S Lariat CIR, Dripping Springs TX 78620 4bd / 4.0ba • 2,965 sqft • 0.6 mi 75 days on market

$879,000 11008 West Cave BLVD, Dripping Springs TX 78620 5bd / 4.0ba • 3,507 sqft • 1.5 mi 60 days on market

$899,900 11201 W Cave BLVD, Dripping Springs TX 78620 5bd / 4.0ba • 3,500 sqft • 1.3 mi 103 days on market

5 Beds

3 Baths 3 Full

3,235 Sq Ft

1.466 Acres

1994 Built

2 Garage

About This Property

A beautiful French-inspired country home on over 1.4 acres in popular Saddletree Ranch! Main House + 2/1 Guest Casita. Main home is an open concept 3-bedroom, 2-bath with soaring ceilings, wood and slate floors, oversized windows (including brand new picture windows and windows in living room, dining room and kitchen), wet bar, and two patios. Quaint Courtyard patio off kitchen and dining makes for a perfect spot to have your morning coffee and the covered patio off the living room is perfect to enjoy a beautiful hill country view and sunsets! In back is a 1,000 sq. ft. plus 2-bedroom, 1-bath, fully appointed secondary home/Casita (attached by breezeway) complete with full kitchen, living room, and formal dining. Both homes have their own new RO systems, new hot water tanks and separate PEC meters. Brand new 2500 gallon water storage tank added and new well pump. Zoned to award-winning Dripping Springs School District.Enjoy the relaxation and privacy of country living with the convenience of being minutes to Downtown Dripping Springs, Bee Cave Galleria and an easy commute to Austin.

Features

High Ceilings
Multiple Dining Areas
Multiple Living Areas
Pantry
Primary Bedroom on Main
Walk-In Closet(s)
Wet Bar

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, Slate, Tile, Wood

Cooling Central Air

Heating Central, Electric

Exterior Private Yard

County Hays

MLS # 9202752

Garage 2 spaces

HOA & Community

HOA Fee $95 /Annually

HOA Includes Common Area Maintenance

Listing History

MLS# 9202752 78 days (77 CDOM)

Mar 4, 2024	Off Market
Dec 20, 2023	Price Change	$825,000
Nov 2, 2023	Listed	$879,000

MLS# 1284242 24 days

Jul 13, 2018	Off Market
Apr 20, 2018	Listed		$520,000

MLS# 5056499 156 days

Nov 29, 2012	Off Market
May 29, 2012	Listed		$399,000

Frequently Asked Questions About 505 Saddletree LN, Dripping Springs TX 78620

When was 505 Saddletree LN, Dripping Springs TX 78620 built?

505 Saddletree LN, Dripping Springs TX 78620 was built in 1994.

How much does 505 Saddletree LN, Dripping Springs TX 78620 cost?

505 Saddletree LN, Dripping Springs TX 78620 sold on March 4, 2024. Contact us for sale price details.

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