220 CHALLENGER, Kyle TX 78640

The market data from 6 similar recent sales in 78640 points to a value of approximately $244,120. To sell within a reasonable timeframe at fair market value, the $265,000 to $266,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78640. This home's larger footprint (107 sqft vs the comp average) plays a role in how the market prices it. The 2007 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78640; a buyer's market based on recent absorption. In 78640, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 150 Primrose BLVD, Kyle TX 78640, adjusting to $254,842; a strong comparable. 6 comparable transactions in 78640 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group