1320 Springlake DR, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $398,620 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $414,000 to $463,000. Relative to what's currently available in SPRINGLAKE, this home would be the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (101 sqft vs the comp average) plays a role in how the market prices it. Being built in 2001 (14 years older than comps) is factored into the value estimate. Current inventory shows 6 comparable homes in SPRINGLAKE; a buyer's market based on recent absorption. Market data shows 78620 prices fallen 4.7% over the last half year. The closest comparable sale, 251 Barton Meadow DR, Dripping Springs TX 78620 at an adjusted $490,923, is a strong comparable. 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