18137 Compass CIR, Dripping Springs TX 78620

After reviewing 3 recent transactions in WEST CAVE ESTATES, I estimate this property's value at $694,982. A competitive list price for this home right now would fall in the $489,000 to $499,000 range. Relative to what's currently available in WEST CAVE ESTATES, this home would be the most expensive of 6 comparable homes on the market. The smaller floor plan (246 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5 years newer than typical comps, the 2018 build date influences the valuation. Right now, 6 similar properties are competing for buyers in WEST CAVE ESTATES, listed between $450,000 and $550,000. Prices in 78620 have fallen 6.5% over the last 6 months. A similar home at 10215 Hill Country Skyline, Dripping Springs TX 78620 carries an adjusted comparable value of $633,835, 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