825 Heather Hills DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,112,554. To generate strong buyer interest while maximizing value, I'd price this between $1,213,000 and $1,361,000. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in 78620. At 162 sqft larger than the typical comp, the size difference factors into the valuation. At 11.14 acres, the lot is larger than the 4.08 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in 78620; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6.1% in the past 6 months. 112 Lariat LN, Dripping Springs TX 78620 nearby adjusts to $1,212,900; with a larger floor plan. 7 comparable transactions in 78620 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