453 Chama TRCE, Dripping Springs TX 78620

Based on 3 closed sales in CHAMA, the data points to a value around $1,065,497 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,394,000 to $1,593,000. This home's position in the current CHAMA market: the most affordable of 4 comparable homes on the market among comparable properties. Being 383 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 2.00 acres versus 1.97 for the typical comp. With 4 similar homes currently listed in CHAMA (a buyer's market), competition is a factor to consider. Market data shows 78620 prices fallen 6.4% over the last half year. The closest comparable sale, 642 Chama TRCE, Dripping Springs TX 78620 at an adjusted $887,500, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in CHAMA. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group