After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $240,661. Pricing this home between $243,000 and $244,000 would put it in the competitive sweet spot for SOUTHLAKE RANCH PH ONE. This would position the home competitively among 3 active listings in SOUTHLAKE RANCH PH ONE. At 5 years older than typical comps, the 2004 build date influences the valuation. There are currently 3 similar homes on the market in SOUTHLAKE RANCH PH ONE, ranging from $229,000 to $255,000. Market data shows 78640 prices fallen 1.6% over the last half year. The closest comparable sale, 752 Atlantis, Kyle TX 78640 at an adjusted $243,528, is a strong comparable. With 7 comparable sales in SOUTHLAKE RANCH PH ONE, 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