505 Yellow Bell RUN, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,116,271. To generate strong buyer interest while maximizing value, I'd price this between $1,523,000 and $1,755,000. Against 5 similar active listings in ESPERANZA, this price point lands at the most affordable of 5 comparable homes on the market. At 906 sqft larger than the typical comp, the size difference factors into the valuation. At 1.04 acres, the lot is larger than the 0.86 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in ESPERANZA, listed between $1,375,000 and $2,885,500. The trend in ESPERANZA shows prices have fallen 5.8% in the past 6 months. 138 Yellow Bell RUN, Dripping Springs TX 78620 nearby adjusts to $1,100,753; with a smaller floor plan. 7 comparable transactions in ESPERANZA 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