1010 Hays Country Acres RD, Dripping Springs TX 78620

The market data from 3 similar recent sales in CHAMA points to a value of approximately $1,019,624. To sell within a reasonable timeframe at fair market value, the $989,000 to $1,050,000 range is where I'd position this. Against 2 similar active listings in CHAMA, this price point lands at the most affordable of 2 comparable homes on the market. At 262 sqft larger than the typical comp, the size difference factors into the valuation. At 2.00 acres, the lot is larger than the 1.97 acre comp average, which factors into pricing. The active market in CHAMA includes 2 comparable homes priced from $1,474,000 to $2,200,000. In 78620, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 642 Chama TRCE, Dripping Springs TX 78620, adjusting to $853,213; with a smaller floor plan. 3 comparable transactions in CHAMA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group