701 Old Red Ranch RD, Dripping Springs TX 78620

The estimated value of this property is $911,595, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $578,000 and $588,000. Among the similar homes currently available in VISTA GRANDE, this price point stands out as competitive. Being 952 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 4.97 acre lot (smaller than the 6.01 acre average) is reflected in the estimate. Current inventory shows 1 comparable homes in VISTA GRANDE; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 330 Mystic Creek DR, Dripping Springs TX 78620, with an adjusted value of $603,004; with a larger floor plan. With 7 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