10051 West Cave LOOP, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $879,966. For a well positioned listing in WEST CAVE ESTATES, I'd target the $1,134,000 to $1,229,000 range. In the current WEST CAVE ESTATES market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The 2002 construction puts this home 10 years older than the comp average, a factor in the pricing. At 1.33 acres, the lot is larger than the 0.88 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in WEST CAVE ESTATES; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 18140 Compass CIR, Dripping Springs TX 78620, with an adjusted value of $790,980; with a smaller floor plan. 7 comparable transactions in WEST CAVE ESTATES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group