791 Springlake DR, Dripping Springs TX 78620

The estimated value of this property is $437,166, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $424,000 and $450,000. Against 1 similar active listings in SPRINGLAKE, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (644 sqft vs the comp average) plays a role in how the market prices it. Built in 1988, this home is 13 years older than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in SPRINGLAKE (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 251 Oak Grove DR, Dripping Springs TX 78620, with an adjusted value of $638,212; with a larger floor plan. Based on 7 relevant data points in SPRINGLAKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX