120 Springlake CIR, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $520,485 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $349,000 to $359,000. Buyers shopping in SPRINGLAKE right now would see this as a well positioned option among 7 comparable homes. Being built in 1983 (18 years older than comps) is factored into the value estimate. Lot size matters here: 5.15 acres versus 2.02 for the typical comp. With 7 similar homes currently listed in SPRINGLAKE (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 9% over the last half year. The closest comparable sale, 251 Oak Grove DR, Dripping Springs TX 78620 at an adjusted $722,757, is with a larger floor plan. The strength of this estimate comes from 7 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