1501 Springlake, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $681,264 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $409,000 to $419,000. This home's position in the current SPRINGLAKE market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. The 252 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 9.84 acres versus 3.03 for the typical comp. Buyers in SPRINGLAKE have 7 comparable options right now, with asking prices between $397,990 and $700,000. Market data shows 78620 prices fallen 7.6% over the last half year. The closest comparable sale, 251 Oak Grove DR, Dripping Springs TX 78620 at an adjusted $871,918, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus