610 Canyon Rim, Dripping Springs TX 78620

Based on 5 closed sales in SUNSET CANYON, the data points to a value around $705,756 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $392,000 to $402,000. Relative to what's currently available in SUNSET CANYON, this home would be the most expensive of 7 comparable homes on the market. The 191 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 1.32 acres versus 1.44 for the typical comp. With 7 similar homes currently listed in SUNSET CANYON (a balanced market), competition is a factor to consider. Market data shows SUNSET CANYON prices fallen 6.6% over the last half year. The closest comparable sale, 1209 Oak Meadow DR, Dripping Springs TX 78620 at an adjusted $760,625, is with a larger floor plan. The strength of this estimate comes from 5 directly comparable sales in SUNSET CANYON. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group