5401 W HWY 290, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $662,178. To generate strong buyer interest while maximizing value, I'd price this between $679,000 and $984,000. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in 78620. The smaller floor plan (100 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1994 construction puts this home 13 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in 78620; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6.4% in the past 6 months. 2801 Martin RD, Dripping Springs TX 78620 nearby adjusts to $1,370,352; with a larger floor plan. 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