Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $253,971. I'd recommend coming to market at $264,000 to $267,000 to strike the right balance between value and market velocity. Against 7 similar active listings in BUNTON CREEK, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Built in 2011, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in BUNTON CREEK, ranging from $229,000 to $324,990. The trend in BUNTON CREEK shows prices have fallen 11.4% in the past 6 months. 1205 Twin Estates DR, Kyle TX 78640 nearby adjusts to $269,046; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group