900 Morgan Hill DR, Dripping Springs TX 78620

Based on 4 closed sales in MEADOW OAKS, the data points to a value around $665,972 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $653,000 to $679,000. This home's position in the current MEADOW OAKS market: the most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (125 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1996 (5 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in MEADOW OAKS (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 5.7% over the last half year. The closest comparable sale, 807 Meadow Oaks DR, Dripping Springs TX 78620 at an adjusted $587,130, is a strong comparable. The strength of this estimate comes from 4 directly comparable sales in MEADOW OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group