After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $270,180. Pricing this home between $214,000 and $224,000 would put it in the competitive sweet spot for KENSINGTON. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in KENSINGTON's current inventory. This home's larger footprint (127 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in KENSINGTON; a buyer's market based on recent absorption. Market data shows KENSINGTON prices fallen 7.9% over the last half year. The closest comparable sale, 446 Paddington DR, Kyle TX 78640 at an adjusted $263,698, 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