555 Butler Ranch RD, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $532,535. For a well positioned listing in 78620, I'd target the $550,000 to $561,000 range. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in 78620. The pool is a differentiator here, since 6 of 7 comparable sales didn't include one. The 1993 construction puts this home 28 years older than the comp average, a factor in the pricing. With 6 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.6% since 6 months ago. The most comparable recent sale is 120 Oak Springs DR, Dripping Springs TX 78620, with an adjusted value of $927,931; a strong comparable. 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