1000 Springlake DR, Dripping Springs TX 78620

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $448,391. Pricing this home between $334,000 and $344,000 would put it in the competitive sweet spot for SPRINGLAKE. Relative to what's currently available in SPRINGLAKE, this home would be the 2nd most expensive of 4 comparable homes on the market. The smaller floor plan (380 sqft compared to the average comp) is a meaningful differentiator in this price range. At 19 years older than typical comps, the 1980 build date influences the valuation. The active market in SPRINGLAKE includes 4 comparable homes priced from $339,990 to $545,000. Market data shows 78620 prices fallen 6.7% over the last half year. The closest comparable sale, 251 Oak Grove DR, Dripping Springs TX 78620 at an adjusted $656,434, is with a larger floor plan. With 7 comparable sales in SPRINGLAKE, 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