After reviewing 3 recent transactions in WEST CAVE ESTATES, I estimate this property's value at $656,535. A competitive list price for this home right now would fall in the $763,000 to $808,000 range. This home's position in the current WEST CAVE ESTATES market: the most affordable of 4 comparable homes on the market among comparable properties. The smaller floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. At 6 years newer than typical comps, the 2000 build date influences the valuation. Buyers in WEST CAVE ESTATES have 4 comparable options right now, with asking prices between $649,900 and $1,189,000. Prices in 78620 have fallen 6.1% over the last 6 months. A similar home at 17909 Westward Look, Dripping Springs TX 78620 carries an adjusted comparable value of $601,620, 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