821 Panorama DR, Dripping Springs TX 78620

The estimated value of this property is $692,818, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $470,000 and $480,000. Against 7 similar active listings in HILL CREEK WEST, this price point lands at the most expensive of 7 comparable homes on the market. Built in 1983, this home is 12 years older than the average comp, which is reflected in the adjustments. The 2.98 acre lot (larger than the 2.91 acre average) is reflected in the estimate. 7 similar homes are currently available in HILL CREEK WEST, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 3.9% since 6 months ago. The most comparable recent sale is 207 Winchester DR, Dripping Springs TX 78620, with an adjusted value of $677,961; a strong comparable. Based on 3 relevant data points in HILL CREEK WEST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX