31980 Ranch Road 12 RD, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $687,450. Based on how the local market is moving, a list price between $573,000 and $583,000 would position this home well. This home's position in the current DEER CREEK RANCH market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. At 5 years newer than typical comps, the 2001 build date influences the valuation. The smaller lot (1.35 acres versus the area average of 1.91) contributes to the valuation. 5 similar homes are currently available in DEER CREEK RANCH, creating a buyer's market for this price range. The 6 month price trend in 78620: fallen 3.6%. The best comp here is 730 Green Oak DR, Dripping Springs TX 78620 at an adjusted value of $612,190, with a smaller floor plan. With 7 comparable sales in DEER CREEK RANCH, 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