After reviewing 7 recent transactions in SPRINGLAKE, I estimate this property's value at $492,512. A competitive list price for this home right now would fall in the $332,000 to $342,000 range. This would position the home competitively among 6 active listings in SPRINGLAKE. The 230 sqft size difference versus comparable sales is reflected in the adjusted values. At 6 years newer than typical comps, the 2000 build date influences the valuation. Current inventory shows 6 comparable homes in SPRINGLAKE; a buyer's market based on recent absorption. Prices in 78620 have fallen 6.2% over the last 6 months. A similar home at 251 Barton Meadow DR, Dripping Springs TX 78620 carries an adjusted comparable value of $491,099, providing a strong data point. The comp data here (7 sales in SPRINGLAKE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
