661 Panorama DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in HILL CREEK WEST points to a value of approximately $405,229. To sell within a reasonable timeframe at fair market value, the $450,000 to $544,000 range is where I'd position this. With 2 comparable homes on the market in HILL CREEK WEST, this price positions the property as the most affordable of 2 comparable homes on the market. The 2018 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.70 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. The active market in HILL CREEK WEST includes 2 comparable homes priced from $675,000 to $1,150,000. In 78620, home values have fallen approximately 6.4% over the past 6 months. One of the strongest data points is 840 Scenic CIR, Dripping Springs TX 78620, adjusting to $543,903; with a pool. 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