890 Springlake DR, Dripping Springs TX 78620

My analysis of 7 comparable properties puts this home's estimated value at $511,223. Based on how the local market is moving, a list price between $340,000 and $350,000 would position this home well. This pricing would rank the home as the most expensive of 7 comparable homes on the market in SPRINGLAKE's current inventory. At 11 years newer than typical comps, the 2006 build date influences the valuation. The smaller lot (1.55 acres versus the area average of 1.91) contributes to the valuation. With 7 similar homes currently listed in SPRINGLAKE (a buyer's market), competition is a factor to consider. The 6 month price trend in 78620: fallen 4.8%. The best comp here is 251 Barton Meadow DR, Dripping Springs TX 78620 at an adjusted value of $503,788, with a smaller floor plan. With 7 comparable sales in SPRINGLAKE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group