194 Chama TRCE, Dripping Springs TX 78620

The estimated value of this property is $765,649, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $743,000 and $789,000. Against 2 similar active listings in CHAMA, this price point lands at the most affordable of 2 comparable homes on the market. The 2.11 acre lot (larger than the 2.00 acre average) is reflected in the estimate. Buyers in CHAMA have 2 comparable options right now, with asking prices between $967,770 and $1,499,900. Recent trends in 78620 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 400 Chama TRCE, Dripping Springs TX 78620, with an adjusted value of $780,264; a strong comparable. Based on 3 relevant data points in CHAMA, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX