740 Springlake DR, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $392,064. To generate strong buyer interest while maximizing value, I'd price this between $405,000 and $409,000. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in SPRINGLAKE. This home's smaller footprint (553 sqft vs the comp average) plays a role in how the market prices it. The 1978 construction puts this home 15 years older than the comp average, a factor in the pricing. The active market in SPRINGLAKE includes 2 comparable homes priced from $429,900 to $539,000. The trend in 78620 shows prices have fallen 4.1% in the past 6 months. 251 Oak Grove DR, Dripping Springs TX 78620 nearby adjusts to $564,057; with a larger floor plan. 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