After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $265,531. Pricing this home between $271,000 and $272,000 would put it in the competitive sweet spot for KENSINGTON. Relative to what's currently available in KENSINGTON, this home would be the most expensive of 3 comparable homes on the market. 3 similar homes are currently available in KENSINGTON, creating a buyer's market for this price range. Market data shows KENSINGTON prices fallen 5.3% over the last half year. The closest comparable sale, 360 Waterloo DR, Kyle TX 78640 at an adjusted $271,653, is a strong comparable. With 7 comparable sales in KENSINGTON, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
