507 Meadow Oaks DR, Dripping Springs TX 78620

Dripping Springs, TX 78620 | Meadow Oaks

Off Market

Exterior view of 507 Meadow Oaks DR, Dripping Springs TX 78620

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Ed's Opinion of Value

$368,125 Ed's Estimate: $415,059 $566,945

Lowest Comp Recommended List: $457,000 to $462,000 Highest Comp

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $415,059. Pricing this home between $457,000 and $462,000 would put it in the competitive sweet spot for MEADOW OAKS. Buyers shopping in MEADOW OAKS right now would see this as a well positioned option among 6 comparable homes. At 22 years older than typical comps, the 1994 build date influences the valuation. The larger lot (0.75 acres versus the area average of 0.28) contributes to the valuation. There are currently 6 similar homes on the market in MEADOW OAKS, ranging from $409,990 to $525,000. Market data shows MEADOW OAKS prices risen 4.6% over the last half year. The closest comparable sale, 106 Retha DR, Dripping Springs TX 78620 at an adjusted $368,125, is a strong comparable. The comp data here (7 sales in MEADOW OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus

MEADOW OAKS Market Trends

$643,000 Median Sold Price ▲ 4.6% 6mo

$161/sqft Median $/SqFt ▼ 40.6% 6mo

65 days Avg Days on Market 14 days slower

1 homes Active Inventory 2 mo supply

93.7% Sale-to-List Ratio

3 Sales (6 months)

Recently Sold Comparables

$368,125 adjusted 106 Retha DR, Dripping Springs TX 78620 3bd / 2.0ba • 1,722 sqft • 0.9 mi Sold 5 months ago

$566,945 adjusted 400 Meadow Oaks DR, Dripping Springs TX 78620 3bd / 3.0ba • 2,006 sqft • 0.2 mi Sold 8 months ago

$393,020 adjusted 226 Grayson Elm PASS, Dripping Springs TX 78620 3bd / 2.0ba • 1,718 sqft • 0.9 mi Sold 14 days ago

$393,020 adjusted 217 Grayson Elm PASS, Dripping Springs TX 78620 3bd / 2.0ba • 1,718 sqft • 0.9 mi Sold 1 months ago

$412,902 adjusted 170 Grayson Elm Pass, Dripping Springs TX 78620 3bd / 2.0ba • 1,603 sqft • 0.9 mi Sold 24 days ago

Currently on Market

$409,990 177 Grayson Elm PASS, Dripping Springs TX 78620 3bd / 2.0ba • 1,718 sqft • 0.8 mi 145 days on market

$449,000 163 Cotton Tree TER, Dripping Springs TX 78620 3bd / 2.0ba • 1,740 sqft • 1.1 mi 102 days on market

$449,900 302 Barn Hill LOOP, Dripping Springs TX 78620 3bd / 2.0ba • 1,602 sqft • 2.4 mi 74 days on market

3 Beds

2 Baths 2 Full

1,658 Sq Ft

0.75 Acres

1994 Built

2 Garage

About This Property

Welcome to the coveted Meadow Oaks neighborhood of Dripping Springs! This charming .75 acre lot boasts a sprawling front lawn and beautiful trees providing the perfect setting for outdoor activities and relaxation. You also have a private back patio with a cozy fire pit, ideal for unwinding after a long day or hosting outdoor gatherings. Inside you'll discover an open floor plan with a light, bright sunroom off the updated kitchen, perfect for enjoying your morning coffee or relaxing with a good book. This home also features an additional storage building along with a workshop that connects to the garage, providing ample space for all of your hobbies and storage needs. Located just a short distance from Mercer Street shopping and dining, this home offers the perfect balance of peace and quiet, while still being close to all of the action. And with easy access to 290, commuting to work or exploring the surrounding area has never been easier. Best of all, the Meadow Oaks neighborhood allows for short-term rentals, making this an excellent opportunity for anyone looking to generate extra income or host out-of-town guests. Don't miss your chance to own this beautiful property in one of Dripping Springs' most sought-after neighborhoods!

Features

Vaulted Ceiling(s)
Granite Counters
Eat-in Kitchen
Multiple Living Areas
Primary Bedroom on Main
See Remarks

Location

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Schools

School District Dripping Springs ISD

Elementary Walnut Springs

Middle School Dripping Springs Middle

High School Dripping Springs

Property Details

Property Type Residential

Flooring Tile, Wood

Cooling Central Air

Heating Central, Electric

Exterior Outdoor Grill, Private Yard, See Remarks

County Hays

MLS # 2219514

Garage 2 spaces

Listing History

MLS# 2219514 155 days

Oct 12, 2023	Off Market
Sep 15, 2023	Price Change	$494,000
Apr 19, 2023	Listed	$499,000

Frequently Asked Questions About 507 Meadow Oaks DR, Dripping Springs TX 78620

When was 507 Meadow Oaks DR, Dripping Springs TX 78620 built?

507 Meadow Oaks DR, Dripping Springs TX 78620 was built in 1994.

How much does 507 Meadow Oaks DR, Dripping Springs TX 78620 cost?

507 Meadow Oaks DR, Dripping Springs TX 78620 sold on October 12, 2023. Contact us for sale price details.

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