1675 Springlake DR, Dripping Springs TX 78620

The estimated value of this property is $1,099,330, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $750,000 and $760,000. With 7 comparable homes on the market in SPRINGLAKE, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 205 sqft smaller than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 1 of 3 comparable homes not offering one. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $650,000 and $2,490,000. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 273 Ranch Ridge DR, Dripping Springs TX 78620, with an adjusted value of $1,111,136; a strong comparable. Based on 3 relevant data points in SPRINGLAKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX