730 Madrone Ranch TRL, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $812,534. For a well positioned listing in 78620, I'd target the $850,000 to $1,022,000 range. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in 78620. At 7.00 acres, the lot is larger than the 4.81 acre comp average, which factors into pricing. The active market in 78620 includes 2 comparable homes priced from $1,000,000 to $1,200,000. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 2801 Martin RD, Dripping Springs TX 78620, with an adjusted value of $1,407,491; a strong comparable. 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