300 Spillway DR, Kyle TX 78640

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $246,601. I'd recommend coming to market at $239,000 to $254,000 to strike the right balance between value and market velocity. In the current SOUTHLAKE RANCH PH ONE market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (132 sqft vs the comp average) plays a role in how the market prices it. The 0.16 acre lot (smaller than the 0.22 acre average) is reflected in the estimate. The active market in SOUTHLAKE RANCH PH ONE includes 7 comparable homes priced from $225,000 to $285,900. The trend in 78640 shows prices have fallen 2.1% in the past 6 months. 125 Sapphire Lake DR, Kyle TX 78640 nearby adjusts to $253,135; with a smaller floor plan. Based on 3 relevant data points in SOUTHLAKE RANCH PH ONE, 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