1551 Springlake DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $482,333. To generate strong buyer interest while maximizing value, I'd price this between $468,000 and $497,000. In the current SPRINGLAKE market with 1 similar homes available, this price represents below the only comparable home currently on the market. This home's smaller footprint (704 sqft vs the comp average) plays a role in how the market prices it. At 10.04 acres, the lot is larger than the 2.96 acre comp average, which factors into pricing. The active market in SPRINGLAKE includes 1 comparable homes priced from $539,000 to $539,000. The trend in 78620 shows prices have fallen 4.1% in the past 6 months. 251 Oak Grove DR, Dripping Springs TX 78620 nearby adjusts to $688,256; 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