905 Springlake DR, Dripping Springs TX 78620

The estimated value of this property is $419,836, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $469,000 and $474,000. In the current 78620 market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The pool is a standout feature, with 7 of 7 comparable homes not offering one. Built in 1955, this home is 69 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78620 (a buyer's market), competition is a factor to consider. Recent trends in 78620 show home values have fallen 6.5% since 6 months ago. The most comparable recent sale is 288 Bishop Wood RD, Dripping Springs TX 78620, with an adjusted value of $468,574; with no pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group