930 Morgan Hill DR, Dripping Springs TX 78620

The market data from 5 similar recent sales in MEADOW OAKS points to a value of approximately $488,425. To sell within a reasonable timeframe at fair market value, the $389,000 to $399,000 range is where I'd position this. With 7 comparable homes on the market in MEADOW OAKS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 0.60 acres, the lot is larger than the 0.56 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in MEADOW OAKS, listed between $350,000 and $625,000. In 78620, home values have fallen approximately 3.3% over the past 6 months. One of the strongest data points is 400 Meadow Oaks DR, Dripping Springs TX 78620, adjusting to $569,327; a strong comparable. 5 comparable transactions in MEADOW OAKS 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