1950 Springlake DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $499,634. For a well positioned listing in SPRINGLAKE, I'd target the $345,000 to $355,000 range. 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. At 185 sqft smaller than the typical comp, the size difference factors into the valuation. At 3.00 acres, the lot is larger than the 1.06 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $339,990 and $560,000. Recent trends in SPRINGLAKE show home values have risen 49.7% since 6 months ago. The most comparable recent sale is 251 Barton Meadow DR, Dripping Springs TX 78620, with an adjusted value of $536,373; a strong comparable. 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