10836 W Cave LOOP, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $913,416. For a well positioned listing in WEST CAVE ESTATES, I'd target the $829,000 to $1,085,000 range. In the current WEST CAVE ESTATES market with 1 similar homes available, this price represents below the only comparable home currently on the market. Being 175 sqft larger than the average comparable sale in this area impacts the per square foot value. At 1.41 acres, the lot is smaller than the 1.47 acre comp average, which factors into pricing. With 1 similar homes currently listed in WEST CAVE ESTATES (a buyer's market), competition is a factor to consider. 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 $784,376; a strong comparable. The 5 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