7 recent sales in the surrounding area of this address suggest a current value of $1,337,051. My recommended list price range for this property would be $1,568,000 to $1,797,000. With 6 comparable homes on the market in 78620, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. Being 466 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2019, this home is 9 years newer than the average comp, which is reflected in the adjustments. Right now, 6 similar properties are competing for buyers in 78620, listed between $1,250,000 and $3,800,000. In 78620, home values have fallen approximately 2.1% over the past 6 months. One of the strongest data points is 112 Lariat LN, Dripping Springs TX 78620, adjusting to $1,427,012; with a smaller 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
