820 Morgan Hill DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $655,117. To generate strong buyer interest while maximizing value, I'd price this between $553,000 and $563,000. With 7 comparable homes on the market in MEADOW OAKS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (191 sqft vs the comp average) plays a role in how the market prices it. At 0.58 acres, the lot is larger than the 0.50 acre comp average, which factors into pricing. 7 similar homes are currently available in MEADOW OAKS, creating a balanced market for this price range. The trend in MEADOW OAKS shows prices have risen 17.2% in the past 6 months. 200 Hillside DR, Dripping Springs TX 78620 nearby adjusts to $618,325; a strong comparable. 3 comparable transactions in MEADOW OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group