9905 Stratus DR, Dripping Springs TX 78620

After reviewing 4 recent transactions in MONTEBELLA, I estimate this property's value at $642,277. A competitive list price for this home right now would fall in the $872,000 to $896,000 range. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in MONTEBELLA's current inventory. Being 167 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 11 years older than typical comps, the 2013 build date influences the valuation. Current inventory shows 7 comparable homes in MONTEBELLA; a buyer's market based on recent absorption. Prices in 78620 have fallen 5.4% over the last 6 months. A similar home at 16905 Morelle DR, Austin TX 78738 carries an adjusted comparable value of $613,086, providing a strong data point. With 4 comparable sales in MONTEBELLA, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group