123 Loon Lake DR, Kyle TX 78640

The market data from 6 similar recent sales in SOUTHLAKE RANCH PH TWO points to a value of approximately $224,120. To sell within a reasonable timeframe at fair market value, the $265,000 to $267,000 range is where I'd position this. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SOUTHLAKE RANCH PH TWO. This home's larger footprint (133 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. With 7 similar homes currently listed in SOUTHLAKE RANCH PH TWO (a buyer's market), competition is a factor to consider. In 78640, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 168 Lake Washington DR, Kyle TX 78640, adjusting to $220,944; with a smaller floor plan. The 6 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