804 Grand Prairie CIR, Dripping Springs TX 78620

The estimated value of this property is $404,008, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $302,000 and $312,000. With 2 comparable homes on the market in GRAND PRAIRE, this price positions the property as the most expensive of 2 comparable homes on the market. At 626 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1985, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in GRAND PRAIRE; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 251 Oak Grove DR, Dripping Springs TX 78620, with an adjusted value of $600,290; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group