1450 Springlake DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in SPRINGLAKE points to a value of approximately $461,682. To sell within a reasonable timeframe at fair market value, the $443,000 to $523,000 range is where I'd position this. Against 2 similar active listings in SPRINGLAKE, this price point lands at the most expensive of 2 comparable homes on the market. The 525 sqft size difference versus comparable sales is reflected in the adjusted values. The 2000 construction puts this home 8 years newer than the comp average, a factor in the pricing. 2 similar homes are currently available in SPRINGLAKE, creating a buyer's market for this price range. In 78620, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 251 Barton Meadow DR, Dripping Springs TX 78620, adjusting to $438,698; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group