After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $196,605. Pricing this home between $191,000 and $203,000 would put it in the competitive sweet spot for FOUR SEASONS FARM. This would position the home competitively among 7 active listings in FOUR SEASONS FARM. At 112 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.00 acres versus the area average of 0.20) contributes to the valuation. There are currently 7 similar homes on the market in FOUR SEASONS FARM, ranging from $229,000 to $320,000. Market data shows 78640 prices fallen 6.8% over the last half year. The closest comparable sale, 358 Spring, Kyle TX 78640 at an adjusted $160,988, is with a smaller floor plan. With 7 comparable sales in FOUR SEASONS FARM, 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
