451 Siebert, Kyle TX 78640

The market data from 7 similar recent sales in 78640 points to a value of approximately $335,899. To sell within a reasonable timeframe at fair market value, the $340,000 to $348,000 range is where I'd position this. With 7 comparable homes on the market in 78640, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 2002 construction puts this home 6 years older than the comp average, a factor in the pricing. At 1.00 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78640; a buyer's market based on recent absorption. In 78640, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 198 Valruth DR, Kyle TX 78640, adjusting to $310,129; 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