844 Panorama DR, Dripping Springs TX 78620

The estimated value of this property is $365,829, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $396,000 and $399,000. Against 4 similar active listings in 78620, this price point lands at the 2nd least expensive of 4 comparable homes on the market. The smaller floor plan (505 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.96 acre lot (larger than the 0.87 acre average) is reflected in the estimate. The active market in 78620 includes 4 comparable homes priced from $350,000 to $475,000. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 9912 Little Creek CIR, Dripping Springs TX 78620, with an adjusted value of $399,265; with a larger floor plan. Based on 7 relevant data points in 78620, 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