10010 W Cave LOOP, Dripping Springs TX 78620

The market data from 7 similar recent sales in WEST CAVE ESTATES points to a value of approximately $834,655. To sell within a reasonable timeframe at fair market value, the $975,000 to $1,159,000 range is where I'd position this. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in WEST CAVE ESTATES. The 2007 construction puts this home 5 years older than the comp average, a factor in the pricing. At 1.75 acres, the lot is larger than the 0.58 acre comp average, which factors into pricing. The active market in WEST CAVE ESTATES includes 4 comparable homes priced from $1,000,000 to $1,560,000. In 78620, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 18140 Compass CIR, Dripping Springs TX 78620, adjusting to $822,084; 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