650 Springlake DR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $405,028. For a well positioned listing in SPRINGLAKE, I'd target the $327,000 to $337,000 range. Among the similar homes currently available in SPRINGLAKE, this price point stands out as competitive. The 1977 construction puts this home 25 years older than the comp average, a factor in the pricing. At 1.05 acres, the lot is smaller than the 1.79 acre comp average, which factors into pricing. 7 similar homes are currently available in SPRINGLAKE, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 6.6% since 6 months ago. The most comparable recent sale is 251 Barton Meadow DR, Dripping Springs TX 78620, with an adjusted value of $418,757; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group