200 Homestead LN # A, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $500,360. Based on how the local market is moving, a list price between $431,000 and $441,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in SPRINGLAKE's current inventory. At 11 years older than typical comps, the 1992 build date influences the valuation. The smaller lot (1.63 acres versus the area average of 1.96) contributes to the valuation. 7 similar homes are currently available in SPRINGLAKE, creating a buyer's market for this price range. The 6 month price trend in SPRINGLAKE: risen 49.7%. The best comp here is 2030 Spring Valley DR, Dripping Springs TX 78620 at an adjusted value of $521,129, with a smaller floor plan. With 7 comparable sales in SPRINGLAKE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group