401 Bonanza ST, Kyle TX 78640

Reviewing the most recent comparable transactions, this home's market value falls around $280,987. For a well positioned listing in 78640, I'd target the $147,000 to $157,000 range. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in 78640. At 0.83 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 4 similar homes currently listed in 78640 (a buyer's market), competition is a factor to consider. Recent trends in 78640 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 371 Bloomsbury DR, Kyle TX 78640, with an adjusted value of $262,359; 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