3513 W FM 150, Kyle TX 78640

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $616,276. I'd recommend coming to market at $498,000 to $508,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78640, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 1995, this home is 24 years older than the average comp, which is reflected in the adjustments. The 6.01 acre lot (larger than the 0.33 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78640, listed between $446,990 and $699,900. The trend in 78640 shows prices have fallen 6.8% in the past 6 months. 614 Painted Creek WAY, Kyle TX 78640 nearby adjusts to $737,763; 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