100 Oak Grove DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $415,889. For a well positioned listing in SPRINGLAKE, I'd target the $352,000 to $362,000 range. Against 7 similar active listings in SPRINGLAKE, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The smaller floor plan (128 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1980 construction puts this home 27 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $350,000 and $539,000. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 500 Grand Prairie CIR, Dripping Springs TX 78620, with an adjusted value of $430,705; a strong comparable. 7 comparable transactions in SPRINGLAKE 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