512 Terrace CYN, Dripping Springs TX 78620

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $706,228. I'd recommend coming to market at $692,000 to $720,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in SUNSET CANYON. The 1.47 acre lot (larger than the 1.42 acre average) is reflected in the estimate. The active market in SUNSET CANYON includes 3 comparable homes priced from $650,000 to $950,000. The trend in SUNSET CANYON shows prices have fallen 9% in the past 6 months. 613 Canyon Rim DR, Dripping Springs TX 78620 nearby adjusts to $705,830; a strong comparable. With 7 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