338 Arroyo Ranch RD, Kyle TX 78640

The market data from 7 similar recent sales in ARROYO RANCH SEC ONE points to a value of approximately $516,528. To sell within a reasonable timeframe at fair market value, the $433,000 to $443,000 range is where I'd position this. With 7 comparable homes on the market in ARROYO RANCH SEC ONE, this price positions the property as the most expensive of 7 comparable homes on the market. The 1984 construction puts this home 10 years older than the comp average, a factor in the pricing. At 2.07 acres, the lot is larger than the 0.59 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in ARROYO RANCH SEC ONE, ranging from $429,990 to $539,000. In 78640, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 304 Live Oak DR, Mountain City TX 78610, adjusting to $467,002; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group