1084 Hays Country Acres RD, Dripping Springs TX 78620

My analysis of 5 comparable properties puts this home's estimated value at $873,606. Based on how the local market is moving, a list price between $698,000 and $708,000 would position this home well. Relative to what's currently available in CHAMA, this home would be the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (492 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (2.00 acres versus the area average of 1.73) contributes to the valuation. With 7 similar homes currently listed in CHAMA (a buyer's market), competition is a factor to consider. The 6 month price trend in 78620: fallen 6.2%. The best comp here is 642 Chama TRCE, Dripping Springs TX 78620 at an adjusted value of $863,077, with a smaller floor plan. The comp data here (5 sales in CHAMA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus