741 Madrone Ranch TRL, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $566,520. For a well positioned listing in MADRONE RANCH & II-B, I'd target the $550,000 to $584,000 range. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in MADRONE RANCH & II-B. The 2000 construction puts this home 6 years older than the comp average, a factor in the pricing. At 5.44 acres, the lot is larger than the 3.85 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in MADRONE RANCH & II-B; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 5.5% since 6 months ago. The most comparable recent sale is 215 Vail River RD, Dripping Springs TX 78620, with an adjusted value of $542,799; 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