After reviewing 7 recent transactions in 78640, I estimate this property's value at $290,806. A competitive list price for this home right now would fall in the $285,000 to $297,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in 78640's current inventory. The larger lot (0.73 acres versus the area average of 0.27) contributes to the valuation. The active market in 78640 includes 7 comparable homes priced from $262,499 to $325,960. Prices in 78640 have fallen 3.5% over the last 6 months. A similar home at 1176 Mathias LN, Kyle TX 78640 carries an adjusted comparable value of $188,008, providing a strong data point. 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