1260 Springlake DR, Dripping Springs TX 78620

After reviewing 7 recent transactions in SPRINGLAKE, I estimate this property's value at $533,216. A competitive list price for this home right now would fall in the $405,000 to $415,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in SPRINGLAKE's current inventory. At 7 years older than typical comps, the 1997 build date influences the valuation. The smaller lot (2.00 acres versus the area average of 2.16) contributes to the valuation. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $415,000 and $649,000. Prices in SPRINGLAKE have risen 49.7% over the last 6 months. A similar home at 2030 Spring Valley DR, Dripping Springs TX 78620 carries an adjusted comparable value of $500,752, providing a strong data point. The comp data here (7 sales in SPRINGLAKE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus