5101 McGregor LN, Dripping Springs TX 78620

Off Market

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Ed's Opinion of Value

$315,675 Ed's Estimate: $685,246 $1,218,993

Lowest Comp Recommended List: $741,000 to $748,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $685,246. For a well positioned listing in 78620, I'd target the $741,000 to $748,000 range. Against 0 similar active listings in 78620, this price point lands at no active comparable homes on the market. The 2,103 sqft size difference versus comparable sales is reflected in the adjusted values. The 1998 construction puts this home 6 years older than the comp average, a factor in the pricing. Recent trends in 78620 show home values have fallen 7.6% since 6 months ago. The most comparable recent sale is 255 Rocky Creek RD, Dripping Springs TX 78620, with an adjusted value of $678,170; with a larger floor plan. 7 comparable transactions in 78620 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

78620 Market Trends

$595,000 Median Sold Price ▼ 7.6% 6mo

$243/sqft Median $/SqFt ▼ 1.4% 6mo

66 days Avg Days on Market 1 days slower

262 homes Active Inventory 5.5 mo supply

97.5% Sale-to-List Ratio

285 Sales (6 months)

Recently Sold Comparables

$678,170 adjusted 255 Rocky Creek RD, Dripping Springs TX 78620 4bd / 2.0ba • 1,974 sqft • 1 mi Sold 25 days ago

$640,640 adjusted 201 Hillview CIR, Dripping Springs TX 78620 3bd / 2.0ba • 2,954 sqft • 1.8 mi Sold 9 months ago

$638,010 adjusted 312 STONEGATE LN, Dripping Springs TX 78620 4bd / 4.0ba • 2,973 sqft • 0.5 mi Sold 7 months ago

$315,675 adjusted 132 Barton Valley CIR, Dripping Springs TX 78620 3bd / 2.0ba • 1,296 sqft • 4.5 mi Sold 11 months ago

$1,218,993 adjusted 2801 Martin RD, Dripping Springs TX 78620 3bd / 3.0ba • 2,564 sqft • 3.6 mi Sold 3 months ago

3 Beds

1 Baths 1 Full

336 Sq Ft

10 Acres

1998 Built

3 Garage

About This Property

Just reduced! Below Market Value-Welcome to 5101 McGregor Lane in Dripping Springs. Enjoy a million stars under the night skies in the Texas Hill Country. This unrestricted property provides a peaceful retreat surrounded by majestic live oaks and distant views. The 10-acre parcel presents a wealth of possibilities and has a 30x40 workshop, a rustic cabin, a rainwater collection system, septic, and electric already installed! A huge savings for any future plans. Being unrestricted you have ample space and the freedom to create the perfect oasis. 5101 McGregor offers a variety of topography and flora and fauna-pastures, woods, rock ledges, deer, and rabbits! Whether you're seeking a weekend getaway, a full-time residence, or a glamping business, this property offers an opportunity to create your own haven in the heart coveted Dripping Springs.
Don't miss the chance to make this unique property your own and experience the peaceful charm of 5101 McGregor Lane.

Features

Pantry
Primary Bedroom on Main
Soaking Tub
Storage

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 Farm

Flooring Laminate

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Heating Space Heater

Exterior Gutters Full

County Hays

MLS # 5924481

Garage 3 spaces

Tax Information

Annual Taxes (MLS) $4,604 (2023)

Listing History

MLS# 5924481 52 days

Nov 21, 2024	Off Market
Oct 4, 2024	Price Change	$550,000
Sep 3, 2024	Listed	$575,000

Frequently Asked Questions About 5101 McGregor LN, Dripping Springs TX 78620

When was 5101 McGregor LN, Dripping Springs TX 78620 built?

5101 McGregor LN, Dripping Springs TX 78620 was built in 1998.

How much does 5101 McGregor LN, Dripping Springs TX 78620 cost?

5101 McGregor LN, Dripping Springs TX 78620 sold on November 21, 2024. Contact us for sale price details.

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