Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $708,746. To generate strong buyer interest while maximizing value, I'd price this between $837,000 and $847,000. At this price, the property would be the most affordable of 5 comparable homes on the market comparable homes currently on the market in WEST CAVE ESTATE. The 2003 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 1.59 acres, the lot is smaller than the 1.71 acre comp average, which factors into pricing. With 5 similar homes currently listed in WEST CAVE ESTATE (a buyer's market), competition is a factor to consider. The trend in 78620 shows prices have fallen 8.3% in the past 6 months. 10905 W Cave BLVD, Dripping Springs TX 78620 nearby adjusts to $770,933; with a smaller floor plan. 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
