508 W 3rd ST, Kyle TX 78640

My analysis of 7 comparable properties puts this home's estimated value at $237,002. Based on how the local market is moving, a list price between $261,000 and $271,000 would position this home well. This would position the home competitively among 7 active listings in SCOTT. At 20 years older than typical comps, the 1970 build date influences the valuation. The smaller lot (0.21 acres versus the area average of 0.33) contributes to the valuation. Current inventory shows 7 comparable homes in SCOTT; a buyer's market based on recent absorption. The 6 month price trend in 78640: fallen 4.6%. The best comp here is 702 S Groos ST, Kyle TX 78640 at an adjusted value of $287,988, a strong comparable. The comp data here (7 sales in SCOTT) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus