250 Springlake DR, Dripping Springs TX 78620

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $458,701. I'd recommend coming to market at $340,000 to $350,000 to strike the right balance between value and market velocity. In the current SPRINGLAKE market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Built in 1996, this home is 17 years older than the average comp, which is reflected in the adjustments. The 1.27 acre lot (larger than the 0.85 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in SPRINGLAKE, ranging from $327,000 to $634,000. The trend in 78620 shows prices have fallen 6.2% in the past 6 months. 2030 Spring Valley DR, Dripping Springs TX 78620 nearby adjusts to $518,346; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group