240 Lonie LN, Kyle TX 78640

After reviewing 7 recent transactions in 35 SOUTH RANCHES, I estimate this property's value at $218,488. A competitive list price for this home right now would fall in the $212,000 to $225,000 range. Relative to what's currently available in 35 SOUTH RANCHES, this home would be below the only comparable home currently on the market. Being 864 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (1.01 acres versus the area average of 0.73) contributes to the valuation. Current inventory shows 1 comparable homes in 35 SOUTH RANCHES; a buyer's market based on recent absorption. Prices in 78640 have fallen 2.4% over the last 6 months. A similar home at 313 Rolling Meadows LN, Kyle TX 78640 carries an adjusted comparable value of $287,640, providing a strong data point. With 7 comparable sales in 35 SOUTH RANCHES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group