172 Pearl 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 $263,992. I'd recommend coming to market at $278,000 to $281,000 to strike the right balance between value and market velocity. In the current SOUTHLAKE RANCH PH THREE market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (120 sqft vs the comp average) plays a role in how the market prices it. With 7 similar homes currently listed in SOUTHLAKE RANCH PH THREE (a buyer's market), competition is a factor to consider. The trend in 78640 shows prices have fallen 6.8% in the past 6 months. 440 Zebra DR, Kyle TX 78640 nearby adjusts to $272,380; with a smaller floor plan. Based on 7 relevant data points in SOUTHLAKE RANCH PH THREE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX