214 Springlake CIR, Dripping Springs TX 78620

The estimated value of this property is $466,070, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $343,000 and $353,000. In the current SPRINGLAKE market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 1974, this home is 39 years older than the average comp, which is reflected in the adjustments. The 5.17 acre lot (larger than the 1.46 acre average) is reflected in the estimate. Buyers in SPRINGLAKE have 7 comparable options right now, with asking prices between $359,990 and $625,000. Recent trends in 78620 show home values have fallen 7.8% since 6 months ago. The most comparable recent sale is 251 Oak Grove DR, Dripping Springs TX 78620, with an adjusted value of $698,445; with a larger floor plan. Based on 7 relevant data points in SPRINGLAKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX