1220 Springlake DR, Dripping Springs TX 78620

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $490,374. Pricing this home between $563,000 and $604,000 would put it in the competitive sweet spot for SPRINGLAKE. This home's position in the current SPRINGLAKE market: the most affordable of 3 comparable homes on the market among comparable properties. At 19 years older than typical comps, the 1984 build date influences the valuation. The larger lot (1.80 acres versus the area average of 1.77) contributes to the valuation. Current inventory shows 3 comparable homes in SPRINGLAKE; a buyer's market based on recent absorption. Market data shows 78620 prices fallen 6.2% over the last half year. The closest comparable sale, 251 Oak Grove DR, Dripping Springs TX 78620 at an adjusted $698,530, 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