7 recent sales in the surrounding area of this address suggest a current value of $1,306,329. My recommended list price range for this property would be $1,568,000 to $1,796,000. With 5 comparable homes on the market in 78620, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. Being 421 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2019, this home is 12 years newer than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in 78620, listed between $1,250,000 and $3,800,000. In 78620, home values have fallen approximately 3.5% over the past 6 months. One of the strongest data points is 112 Lariat LN, Dripping Springs TX 78620, adjusting to $1,426,931; 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
