608 Bending Oak 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 $702,875. I'd recommend coming to market at $490,000 to $500,000 to strike the right balance between value and market velocity. 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. The 1.38 acre lot (smaller than the 1.46 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in SUNSET CANYON; a balanced market based on recent absorption. The trend in SUNSET CANYON shows prices have fallen 4.5% in the past 6 months. 613 Canyon Rim DR, Dripping Springs TX 78620 nearby adjusts to $730,172; with a smaller floor plan. With 5 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