451 Springlake DR, Dripping Springs TX 78620

Based on 7 closed sales in SPRINGLAKE, the data points to a value around $437,717 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $343,000 to $353,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in SPRINGLAKE's current inventory. Lot size matters here: 1.34 acres versus 0.24 for the typical comp. With 7 similar homes currently listed in SPRINGLAKE (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 6.5% over the last half year. The closest comparable sale, 553 Darley Oak DR, Dripping Springs TX 78620 at an adjusted $434,715, is a strong comparable. 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