The market data from 7 similar recent sales in FOUR SEASONS FARM points to a value of approximately $255,663. To sell within a reasonable timeframe at fair market value, the $286,000 to $293,000 range is where I'd position this. With 7 comparable homes on the market in FOUR SEASONS FARM, this price positions the property as the most affordable of 7 comparable homes on the market. The 111 sqft size difference versus comparable sales is reflected in the adjusted values. Buyers in FOUR SEASONS FARM have 7 comparable options right now, with asking prices between $259,000 and $320,000. In 78640, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 358 Spring, Kyle TX 78640, adjusting to $179,696; with a smaller floor plan. 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