195 Cherry Laurel LN, Kyle TX 78640

The market data from 7 similar recent sales in SOUTHGROVE points to a value of approximately $275,385. To sell within a reasonable timeframe at fair market value, the $312,000 to $327,000 range is where I'd position this. In the current SOUTHGROVE market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The 2020 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SOUTHGROVE; a balanced market based on recent absorption. In SOUTHGROVE, home values have fallen approximately 1% over the past 6 months. One of the strongest data points is 318 Mountain Pea RD, Kyle TX 78640, adjusting to $265,556; a strong comparable. 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