605 Bending Oak DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in SUNSET CANYON points to a value of approximately $1,085,618. To sell within a reasonable timeframe at fair market value, the $1,115,000 to $1,158,000 range is where I'd position this. With 3 comparable homes on the market in SUNSET CANYON, this price positions the property as the most expensive of 3 comparable homes on the market. At 1.64 acres, the lot is smaller than the 1.91 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in SUNSET CANYON; a balanced market based on recent absorption. In SUNSET CANYON, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 626 Canyon Rim DR, Dripping Springs TX 78620, adjusting to $1,111,377; with a pool. 7 comparable transactions in SUNSET CANYON 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