373 Railyard DR, Kyle TX 78640

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $149,825. I'd recommend coming to market at $184,000 to $196,000 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 most affordable of 7 comparable homes on the market. Being 208 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1996, this home is 30 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78640 (a buyer's market), competition is a factor to consider. The trend in 78640 shows prices have fallen 1.9% in the past 6 months. 178 Meuse LN, Kyle TX 78640 nearby adjusts to $145,166; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group