710 Lost Valley, Dripping Springs TX 78620

The market data from 7 similar recent sales in LOST VALLEY points to a value of approximately $644,794. To sell within a reasonable timeframe at fair market value, the $625,000 to $664,000 range is where I'd position this. Against 1 similar active listings in LOST VALLEY, this price point lands at below the only comparable home currently on the market. The 1993 construction puts this home 7 years older than the comp average, a factor in the pricing. At 5.12 acres, the lot is smaller than the 5.70 acre comp average, which factors into pricing. The active market in LOST VALLEY includes 1 comparable homes priced from $1,000,000 to $1,000,000. In 78620, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 2801 Martin RD, Dripping Springs TX 78620, adjusting to $1,321,988; with a larger floor plan. 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