18300 Montecito BLVD, Dripping Springs TX 78620

The market data from 3 similar recent sales in WEST CAVE ESTATES points to a value of approximately $619,927. To sell within a reasonable timeframe at fair market value, the $669,000 to $674,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in WEST CAVE ESTATES. The 1986 construction puts this home 11 years older than the comp average, a factor in the pricing. At 1.60 acres, the lot is smaller than the 2.08 acre comp average, which factors into pricing. With 3 similar homes currently listed in WEST CAVE ESTATES (a buyer's market), competition is a factor to consider. In 78620, home values have fallen approximately 6.7% over the past 6 months. One of the strongest data points is 203 Stirrup DR, Dripping Springs TX 78620, adjusting to $674,230; with a larger 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