366 Chama TRCE, Dripping Springs TX 78620

Reviewing the most recent comparable transactions, this home's market value falls around $825,447. For a well positioned listing in CHAMA, I'd target the $1,080,000 to $1,238,000 range. In the current CHAMA market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. At 2.00 acres, the lot is larger than the 1.83 acre comp average, which factors into pricing. Buyers in CHAMA have 5 comparable options right now, with asking prices between $967,770 and $2,200,000. Recent trends in 78620 show home values have fallen 6.4% since 6 months ago. The most comparable recent sale is 642 Chama TRCE, Dripping Springs TX 78620, with an adjusted value of $811,650; a strong comparable. 7 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