110 Homestead LN, Dripping Springs TX 78620

Based on 4 closed sales in SPRINGLAKE, the data points to a value around $480,479 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $384,000 to $394,000. This home's position in the current SPRINGLAKE market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. At 133 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 3.03 acres versus 3.24 for the typical comp. 7 similar homes are currently available in SPRINGLAKE, creating a seller's market for this price range. Market data shows SPRINGLAKE prices risen 17.3% over the last half year. The closest comparable sale, 2030 Spring Valley DR, Dripping Springs TX 78620 at an adjusted $498,028, is with a smaller floor plan. The strength of this estimate comes from 4 directly comparable sales in SPRINGLAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group