385 Bonanza ST, Kyle TX 78640

The market data from 7 similar recent sales in 78640 points to a value of approximately $354,523. To sell within a reasonable timeframe at fair market value, the $293,000 to $303,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78640. The 2004 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.91 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. 7 similar homes are currently available in 78640, creating a buyer's market for this price range. In 78640, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 7065 Wheatfield WAY, Kyle TX 78640, adjusting to $398,235; 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