1101 Cherrywood, Kyle TX 78640

My analysis of 7 comparable properties puts this home's estimated value at $289,871. Based on how the local market is moving, a list price between $224,000 and $234,000 would position this home well. This home's position in the current 78640 market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. This home's smaller footprint (178 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.31 acres versus the area average of 0.18) contributes to the valuation. 7 similar homes are currently available in 78640, creating a buyer's market for this price range. The 6 month price trend in 78640: fallen 5.7%. The best comp here is 227 Ashwood N, Kyle TX 78640 at an adjusted value of $294,001, with a larger floor plan. With 7 comparable sales in 78640, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group