18003 Hideaway CV, Dripping Springs TX 78620

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $522,247. To generate strong buyer interest while maximizing value, I'd price this between $507,000 and $538,000. In the current WEST CAVE ESTATES market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 302 sqft smaller than the typical comp, the size difference factors into the valuation. The 1994 construction puts this home 17 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in WEST CAVE ESTATES; a buyer's market based on recent absorption. The trend in 78620 shows prices have fallen 6.1% in the past 6 months. 16012 Foxtrot LN, Austin TX 78738 nearby adjusts to $274,140; a strong comparable. The 7 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