1020 Ridgemont LN, Kyle TX 78640

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $306,244. To generate strong buyer interest while maximizing value, I'd price this between $341,000 and $355,000. Against 2 similar active listings in 78640, this price point lands at the most affordable of 2 comparable homes on the market. The 2000 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.75 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. 2 similar homes are currently available in 78640, creating a buyer's market for this price range. The trend in 78640 shows prices have fallen 5.2% in the past 6 months. 260 Jim Miller DR, Kyle TX 78640 nearby adjusts to $274,061; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group