197 Picadilly DR, Kyle TX 78640

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $250,004. I'd recommend coming to market at $251,000 to $256,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in KENSINGTON. The smaller floor plan (105 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2007, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 6 comparable homes in KENSINGTON; a buyer's market based on recent absorption. The trend in KENSINGTON shows prices have fallen 6.2% in the past 6 months. 349 Buckingham DR, Kyle TX 78640 nearby adjusts to $249,844; 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