249 Bonanza ST, Kyle TX 78640

The estimated value of this property is $296,651, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $240,000 and $250,000. With 7 comparable homes on the market in 78640, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.75 acre lot (larger than the 0.18 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78640; a buyer's market based on recent absorption. Recent trends in 78640 show home values have fallen 5.1% since 6 months ago. The most comparable recent sale is 358 Verano CIR, Kyle TX 78640, with an adjusted value of $303,534; a strong comparable. Based on 7 relevant data points in 78640, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX