710 Morgan Hill DR, Dripping Springs TX 78620

After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $539,793. Pricing this home between $368,000 and $378,000 would put it in the competitive sweet spot for MEADOW OAKS. This home's position in the current MEADOW OAKS market: the most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (200 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.53 acres versus the area average of 0.50) contributes to the valuation. Current inventory shows 7 comparable homes in MEADOW OAKS; a buyer's market based on recent absorption. Market data shows 78620 prices fallen 6.2% over the last half year. The closest comparable sale, 400 Meadow Oaks DR, Dripping Springs TX 78620 at an adjusted $577,766, is with a larger floor plan. The comp data here (4 sales in MEADOW OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus