5401 W Highway 290, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $675,626. To generate strong buyer interest while maximizing value, I'd price this between $586,000 and $596,000. With 6 comparable homes on the market in 78620, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. The 1994 construction puts this home 14 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is larger than the 4.04 acre comp average, which factors into pricing. With 6 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 5.5% in the past 6 months. 311 Harmon Hills CV, Dripping Springs TX 78620 nearby adjusts to $513,249; a strong comparable. 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