251 Springlake DR, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $482,011 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $383,000 to $393,000. This would position the home competitively among 7 active listings in SPRINGLAKE. Being built in 1995 (12 years older than comps) is factored into the value estimate. Lot size matters here: 2.55 acres versus 1.58 for the typical comp. There are currently 7 similar homes on the market in SPRINGLAKE, ranging from $399,000 to $625,000. Market data shows 78620 prices fallen 4.1% over the last half year. The closest comparable sale, 2030 Spring Valley DR, Dripping Springs TX 78620 at an adjusted $498,314, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus