23552 Fm 150, Dripping Springs TX 78620

After reviewing 3 recent transactions in SPRINGWOOD, I estimate this property's value at $624,968. A competitive list price for this home right now would fall in the $371,000 to $381,000 range. This home's position in the current SPRINGWOOD market: the most expensive of 7 comparable homes on the market among comparable properties. The larger lot (2.40 acres versus the area average of 2.13) contributes to the valuation. The active market in SPRINGWOOD includes 7 comparable homes priced from $369,990 to $595,000. A similar home at 300 Oak Springs DR, Dripping Springs TX 78620 carries an adjusted comparable value of $525,064, providing a strong data point. With 3 comparable sales in SPRINGWOOD, 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