550 Martin RD, Dripping Springs TX 78620

Off Market

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Ed's Opinion of Value

$765,864 Ed's Estimate: $1,066,219 $2,495,000

Lowest Comp Recommended List: $1,790,000 to $2,073,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,066,219. To generate strong buyer interest while maximizing value, I'd price this between $1,790,000 and $2,073,000. With 7 comparable homes on the market in 78620, this price positions the property as the most affordable of 7 comparable homes on the market. Being 121 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2014 construction puts this home 7 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78620, listed between $1,150,000 and $5,500,000. The trend in 78620 shows prices have fallen 5.7% in the past 6 months. 227 Dally CT, Dripping Springs TX 78620 nearby adjusts to $1,060,705; 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

$615,000 Median Sold Price ▼ 5.7% 6mo

$249/sqft Median $/SqFt ▼ 0.8% 6mo

67 days Avg Days on Market 4 days slower

264 homes Active Inventory 6.1 mo supply

97.1% Sale-to-List Ratio

260 Sales (6 months)

Recently Sold Comparables

$1,060,705 adjusted 227 Dally CT, Dripping Springs TX 78620 5bd / 5.0ba • 4,275 sqft • 3.1 mi Sold 5 months ago

$1,789,955 adjusted 215 Whispering Oaks LN, Dripping Springs TX 78620 5bd / 4.0ba • 4,450 sqft • 3.3 mi Sold 7 days ago

$765,864 adjusted 143 Pink Granite BLVD, Dripping Springs TX 78620 5bd / 4.0ba • 3,689 sqft • 3.2 mi Sold 3 months ago

$771,465 adjusted 1018 Pink Granite BLVD, Dripping Springs TX 78620 5bd / 6.0ba • 4,103 sqft • 3.1 mi Sold 7 months ago

$817,700 adjusted 109 Pink Granite BLVD, Dripping Springs TX 78620 4bd / 5.0ba • 3,274 sqft • 3.2 mi Sold 21 days ago

Currently on Market

$1,976,000 260 Corte Del Cedro DR, Dripping Springs TX 78620 6bd / 5.0ba • 4,033 sqft • 3 mi 214 days on market

$1,150,000 231 Hacienda PL, Dripping Springs TX 78620 5bd / 5.0ba • 3,747 sqft • 1.3 mi 40 days on market

$2,495,000 488 Dario DR, Dripping Springs TX 78620 5bd / 5.0ba • 4,178 sqft • 2.4 mi 186 days on market

6 Beds

5 Baths 4 Full, 1 Half

3,989 Sq Ft

10 Acres

2014 Built

2 Garage

About This Property

Stunning 6 bedroom estate situated 1 mile from highway 290! 5 bedrooms conveniently located on first floor with master suite leading directly to outdoor patio space. This private oasis boasts a fully equipped kitchen with state of the art stainless appliances overlooking the formal living area. The expansive upper level features an oversized living space large enough for multiple entertaining areas and includes an exterior balcony complete with sprawling hill country views.

Features

Breakfast Bar
Ceiling Fan(s)
High Ceilings
Chandelier
Stone Counters
Double Vanity
Eat-in Kitchen
Entrance Foyer
French Doors
Interior Steps
Kitchen Island
Multiple Dining Areas
Multiple Living Areas
Natural Woodwork
Open Floorplan
Recessed Lighting
Walk-In Closet(s)

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 Residential

Flooring Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Balcony, Exterior Steps, Private Entrance

County Hays

MLS # 2078743

Garage 2 spaces

Listing History

MLS# 2078743 147 days

May 27, 2022	Off Market
Apr 14, 2022	Price Change	$1,699,000
Nov 5, 2021	Listed	$1,950,000

Frequently Asked Questions About 550 Martin RD, Dripping Springs TX 78620

When was 550 Martin RD, Dripping Springs TX 78620 built?

550 Martin RD, Dripping Springs TX 78620 was built in 2014.

How much does 550 Martin RD, Dripping Springs TX 78620 cost?

550 Martin RD, Dripping Springs TX 78620 sold on May 27, 2022. Contact us for sale price details.

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