5200 Bell SPGS, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $806,341. To generate strong buyer interest while maximizing value, I'd price this between $656,000 and $666,000. Among the similar homes currently available in 78620, this price point stands out as competitive. The 1969 construction puts this home 53 years older than the comp average, a factor in the pricing. At 49.90 acres, the lot is larger than the 0.60 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 6.2% in the past 6 months. 162 Topaz CIR, Dripping Springs TX 78620 nearby adjusts to $584,141; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group