185 Picadilly DR, Kyle TX 78640

Reviewing the most recent comparable transactions, this home's market value falls around $253,078. For a well positioned listing in KENSINGTON, I'd target the $264,000 to $265,000 range. Against 7 similar active listings in KENSINGTON, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Being 151 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2007 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in KENSINGTON; a buyer's market based on recent absorption. Recent trends in KENSINGTON show home values have fallen 6.2% since 6 months ago. The most comparable recent sale is 873 Covent DR, Kyle TX 78640, with an adjusted value of $249,120; 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