401 Teal LN, Kyle TX 78640

The market data from 7 similar recent sales in CROSSHOUSE points to a value of approximately $522,780. To sell within a reasonable timeframe at fair market value, the $549,000 to $615,000 range is where I'd position this. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in CROSSHOUSE. The 1987 construction puts this home 22 years older than the comp average, a factor in the pricing. At 2.00 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. In 78640, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 304 Live Oak DR, Mountain City TX 78610, adjusting to $549,271; with a smaller floor plan. 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