552 Yellow Bell RUN, Dripping Springs TX 78620

The market data from 3 similar recent sales in ESPERANZA points to a value of approximately $787,177. To sell within a reasonable timeframe at fair market value, the $482,000 to $492,000 range is where I'd position this. In the current ESPERANZA market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. This home's smaller footprint (128 sqft vs the comp average) plays a role in how the market prices it. At 0.88 acres, the lot is larger than the 0.77 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in ESPERANZA; a seller's market based on recent absorption. In ESPERANZA, home values have fallen approximately 8.1% over the past 6 months. One of the strongest data points is 640 Prairie Clover DR, Dripping Springs TX 78620, adjusting to $820,459; a strong comparable. The 3 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