18107 Compass CIR, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $887,306. For a well positioned listing in WEST CAVE ESTATES, I'd target the $861,000 to $914,000 range. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in WEST CAVE ESTATES. At 436 sqft larger than the typical comp, the size difference factors into the valuation. At 1.54 acres, the lot is larger than the 1.41 acre comp average, which factors into pricing. 5 similar homes are currently available in WEST CAVE ESTATES, creating a buyer's market for this price range. Recent trends in 78620 show home values have fallen 5.6% since 6 months ago. The most comparable recent sale is 18140 Compass CIR, Dripping Springs TX 78620, with an adjusted value of $802,190; with a smaller floor plan. The 3 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