1700 Springlake DR, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $454,166 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $493,000 to $519,000. This would position the home competitively among 7 active listings in SPRINGLAKE. Being built in 1985 (18 years older than comps) is factored into the value estimate. Lot size matters here: 1.50 acres versus 1.95 for the typical comp. Buyers in SPRINGLAKE have 7 comparable options right now, with asking prices between $389,990 and $649,000. Market data shows SPRINGLAKE prices risen 49.7% over the last half year. The closest comparable sale, 2030 Spring Valley DR, Dripping Springs TX 78620 at an adjusted $474,582, 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