The comparable sales data (7 recent transactions in 78640) supports an estimated value of $345,660. The data suggests a list price between $241,000 and $251,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in 78640's current inventory. Being built in 1982 (21 years older than comps) is factored into the value estimate. Lot size matters here: 8.00 acres versus 1.55 for the typical comp. Buyers in 78640 have 7 comparable options right now, with asking prices between $249,000 and $439,000. Prices in 78640 have fallen 6.8% over the last 6 months. A similar home at 3351 Goforth RD, Kyle TX 78640 carries an adjusted comparable value of $518,752, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78640. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group