2220 Spring Valley DR, Dripping Springs TX 78620

After reviewing 3 recent transactions in SPRINGLAKE, I estimate this property's value at $601,832. A competitive list price for this home right now would fall in the $337,000 to $347,000 range. This would position the home competitively among 7 active listings in SPRINGLAKE. The 214 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (5.00 acres versus the area average of 4.51) contributes to the valuation. Current inventory shows 7 comparable homes in SPRINGLAKE; a buyer's market based on recent absorption. Prices in 78620 have fallen 6.5% over the last 6 months. A similar home at 2030 Spring Valley DR, Dripping Springs TX 78620 carries an adjusted comparable value of $527,645, providing a strong data point. With 3 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