220 Homestead LN, Dripping Springs TX 78620

The market data from 7 similar recent sales in SPRINGLAKE points to a value of approximately $447,932. To sell within a reasonable timeframe at fair market value, the $503,000 to $522,000 range is where I'd position this. With 7 comparable homes on the market in SPRINGLAKE, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1995 construction puts this home 14 years older than the comp average, a factor in the pricing. At 3.67 acres, the lot is larger than the 1.21 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in SPRINGLAKE, listed between $389,990 and $560,000. In SPRINGLAKE, home values have risen approximately 49.7% over the past 6 months. One of the strongest data points is 2030 Spring Valley DR, Dripping Springs TX 78620, adjusting to $521,500; 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