10828 W Cave LOOP, Dripping Springs TX 78620

After reviewing 3 recent transactions in WEST CAVE ESTATES, I estimate this property's value at $725,175. A competitive list price for this home right now would fall in the $577,000 to $587,000 range. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in WEST CAVE ESTATES's current inventory. Having a pool is a plus; 3 of the 3 comps lacked one. The smaller lot (1.41 acres versus the area average of 1.49) contributes to the valuation. With 7 similar homes currently listed in WEST CAVE ESTATES (a buyer's market), competition is a factor to consider. Prices in 78620 have fallen 5.7% over the last 6 months. A similar home at 116 Saddlehorn DR, Dripping Springs TX 78620 carries an adjusted comparable value of $757,964, providing a strong data point. With 3 comparable sales in WEST CAVE ESTATES, 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