1100 Hays Country Acres RD, Dripping Springs TX 78620

The market data from 3 similar recent sales in CHAMA points to a value of approximately $920,476. To sell within a reasonable timeframe at fair market value, the $893,000 to $948,000 range is where I'd position this. In the current CHAMA market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. At 2.00 acres, the lot is larger than the 1.97 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in CHAMA; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 642 Chama TRCE, Dripping Springs TX 78620, adjusting to $789,146; a strong comparable. 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