5500 McGregor LN, Dripping Springs TX 78620

The market data from 7 similar recent sales in HURLBUT RANCH WEST points to a value of approximately $1,259,489. To sell within a reasonable timeframe at fair market value, the $1,222,000 to $1,297,000 range is where I'd position this. With 1 comparable homes on the market in HURLBUT RANCH WEST, this price positions the property as below the only comparable home currently on the market. At 1,600 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 6 of 7 comparable sales didn't include one. With 1 similar homes currently listed in HURLBUT RANCH WEST (a buyer's market), competition is a factor to consider. In 78620, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 200 Raeford XING, Dripping Springs TX 78620, adjusting to $1,402,500; with a smaller floor plan and no pool. 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