The estimated value of this property is $461,252, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $322,000 and $332,000. With 7 comparable homes on the market in SPRINGLAKE, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1.53 acre lot (larger than the 0.80 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $330,000 and $634,000. Recent trends in 78620 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 2030 Spring Valley DR, Dripping Springs TX 78620, with an adjusted value of $515,404; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
