506 Terrace Canyon DR, Dripping Springs TX 78620

My analysis of 4 comparable properties puts this home's estimated value at $663,791. Based on how the local market is moving, a list price between $438,000 and $448,000 would position this home well. This pricing would rank the home as the most expensive of 7 comparable homes on the market in SUNSET CANYON's current inventory. The 359 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (1.47 acres versus the area average of 1.42) contributes to the valuation. There are currently 7 similar homes on the market in SUNSET CANYON, ranging from $415,000 to $525,000. The 6 month price trend in SUNSET CANYON: fallen 7.1%. The best comp here is 1111 N Canyonwood DR, Dripping Springs TX 78620 at an adjusted value of $728,512, with a larger floor plan. With 4 comparable sales in SUNSET CANYON, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group