164 Loon Lake DR, Kyle TX 78640

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $301,788. I'd recommend coming to market at $220,000 to $230,000 to strike the right balance between value and market velocity. Against 7 similar active listings in SOUTHLAKE RANCH PH TWO, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 107 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in SOUTHLAKE RANCH PH TWO; a buyer's market based on recent absorption. The trend in 78640 shows prices have fallen 1.9% in the past 6 months. 310 Bailey LOOP, Kyle TX 78640 nearby adjusts to $347,689; 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