10009 W Cave LOOP, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $584,813. For a well positioned listing in WEST CAVE ESTATES, I'd target the $491,000 to $501,000 range. At this price, the property would be the 0th most expensive of 4 comparable homes on the market comparable homes currently on the market in WEST CAVE ESTATES. Being 166 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 1.29 acres, the lot is larger than the 1.16 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in WEST CAVE ESTATES; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 2.6% since 6 months ago. The most comparable recent sale is 10215 Hill Country Skyline, Dripping Springs TX 78620, with an adjusted value of $618,993; with a larger floor plan. The 3 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