8204 W Cave CIR, Dripping Springs TX 78620

Based on 7 closed sales in WEST CAVE ESTATE, the data points to a value around $604,639 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $673,000 to $752,000. Buyers shopping in WEST CAVE ESTATE right now would see this as a well positioned option among 4 comparable homes. Being built in 1986 (11 years older than comps) is factored into the value estimate. Lot size matters here: 1.33 acres versus 2.17 for the typical comp. Current inventory shows 4 comparable homes in WEST CAVE ESTATE; a buyer's market based on recent absorption. Market data shows 78620 prices fallen 6.5% over the last half year. The closest comparable sale, 31305 RR 12, Dripping Springs TX 78620 at an adjusted $567,700, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in WEST CAVE ESTATE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group