397 Arapaho DR, Kyle TX 78640

The market data from 3 similar recent sales in CYPRESS FOREST PH TWO points to a value of approximately $769,300. To sell within a reasonable timeframe at fair market value, the $626,000 to $636,000 range is where I'd position this. With 4 comparable homes on the market in CYPRESS FOREST PH TWO, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. This home's larger footprint (872 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 3 of 3 comparable sales didn't include one. The active market in CYPRESS FOREST PH TWO includes 4 comparable homes priced from $569,000 to $1,193,000. In CYPRESS FOREST PH TWO, home values have fallen approximately 28.2% over the past 6 months. One of the strongest data points is 135 Seaside Sparrow WAY, Kyle TX 78640, adjusting to $793,932; with a smaller floor plan and no pool. The 3 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