18004 Montevista CV, Dripping Springs TX 78620

The market data from 7 similar recent sales in WEST CAVE ESTATE points to a value of approximately $812,750. To sell within a reasonable timeframe at fair market value, the $818,000 to $850,000 range is where I'd position this. In the current WEST CAVE ESTATE market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. At 1.94 acres, the lot is smaller than the 2.29 acre comp average, which factors into pricing. With 3 similar homes currently listed in WEST CAVE ESTATE (a buyer's market), competition is a factor to consider. In 78620, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 17909 Westward Look, Dripping Springs TX 78620, adjusting to $668,121; with a smaller floor plan. 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