989 Old Red Ranch RD, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $1,360,464. For a well positioned listing in 78620, I'd target the $1,025,000 to $1,035,000 range. In the current 78620 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 3,343 sqft size difference versus comparable sales is reflected in the adjusted values. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. Buyers in 78620 have 3 comparable options right now, with asking prices between $799,000 and $3,500,000. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 160 Mystic Creek DR, Dripping Springs TX 78620, with an adjusted value of $1,954,500; with a smaller 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