220 Valley Ridge DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $743,183. For a well positioned listing in SPRINGLAKE, I'd target the $456,000 to $466,000 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. The larger floor plan (440 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1994 construction puts this home 11 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in SPRINGLAKE; a buyer's market based on recent absorption. Recent trends in SPRINGLAKE show home values have risen 49.7% since 6 months ago. The most comparable recent sale is 251 Oak Grove DR, Dripping Springs TX 78620, with an adjusted value of $861,811; with a smaller floor plan. 3 comparable transactions in SPRINGLAKE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group