After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $246,179. Pricing this home between $258,000 and $285,000 would put it in the competitive sweet spot for 78640. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in 78640's current inventory. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. 5 similar homes are currently available in 78640, creating a buyer's market for this price range. Market data shows 78640 prices fallen 5.1% over the last half year. The closest comparable sale, 247 Cleveland, Kyle TX 78640 at an adjusted $222,523, is a strong comparable. The comp data here (7 sales in 78640) 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
