550 Panorama DR, Dripping Springs TX 78620

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $374,201. I'd recommend coming to market at $442,000 to $446,000 to strike the right balance between value and market velocity. In the current 78620 market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. Built in 1987, this home is 17 years older than the average comp, which is reflected in the adjustments. The 0.35 acre lot (smaller than the 0.51 acre average) is reflected in the estimate. 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 7.6% in the past 6 months. 10808 Timber CIR, Dripping Springs TX 78620 nearby adjusts to $406,244; 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