Based on 4 closed sales in WEST CAVE ESTATES, the data points to a value around $1,228,401 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,192,000 to $1,265,000. Relative to what's currently available in WEST CAVE ESTATES, this home would be the 2nd most expensive of 4 comparable homes on the market. Being built in 2001 (6 years older than comps) is factored into the value estimate. Lot size matters here: 1.37 acres versus 1.48 for the typical comp. With 4 similar homes currently listed in WEST CAVE ESTATES (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 4.1% over the last half year. The closest comparable sale, 11008 West Cave BLVD, Dripping Springs TX 78620 at an adjusted $807,849, is with a smaller floor plan and a pool. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
