720 E Creek DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in KIRBY SPGS RANCH points to a value of approximately $737,610. To sell within a reasonable timeframe at fair market value, the $504,000 to $514,000 range is where I'd position this. Against 7 similar active listings in KIRBY SPGS RANCH, this price point lands at the most expensive of 7 comparable homes on the market. The 1994 construction puts this home 8 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is larger than the 1.86 acre comp average, which factors into pricing. Buyers in KIRBY SPGS RANCH have 7 comparable options right now, with asking prices between $485,990 and $945,000. In 78620, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 504 Roy Creek LN, Dripping Springs TX 78620, adjusting to $638,120; with a smaller 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