837 Bell Springs RD, Dripping Springs TX 78620

The estimated value of this property is $986,249, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $681,000 and $691,000. In the current CEDAR SPGS RANCH market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. Built in 2007, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 11.14 acre lot (larger than the 3.28 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in CEDAR SPGS RANCH, listed between $635,000 and $1,450,000. Recent trends in 78620 show home values have fallen 8.4% since 6 months ago. The most comparable recent sale is 10905 W Cave BLVD, Dripping Springs TX 78620, with an adjusted value of $871,486; a strong comparable. 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