1701 Springlake DR, Dripping Springs TX 78620

The market data from 7 similar recent sales in SPRINGLAKE points to a value of approximately $953,325. To sell within a reasonable timeframe at fair market value, the $934,000 to $972,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in SPRINGLAKE. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. At 8.27 acres, the lot is larger than the 2.37 acre comp average, which factors into pricing. 7 similar homes are currently available in SPRINGLAKE, creating a buyer's market for this price range. In 78620, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 11008 West Cave BLVD, Dripping Springs TX 78620, adjusting to $930,065; 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