388 Spruce DR, Kyle TX 78640

After reviewing 7 recent transactions in 78640, I estimate this property's value at $268,699. A competitive list price for this home right now would fall in the $328,000 to $330,000 range. This pricing would rank the home as the most affordable of 6 comparable homes on the market in 78640's current inventory. The 118 sqft size difference versus comparable sales is reflected in the adjusted values. The smaller lot (0.00 acres versus the area average of 0.20) contributes to the valuation. The active market in 78640 includes 6 comparable homes priced from $304,500 to $359,900. Prices in 78640 have fallen 6.8% over the last 6 months. A similar home at 413 Birch DR, Kyle TX 78640 carries an adjusted comparable value of $304,706, providing a strong data point. The comp data here (7 sales in 78640) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus