748 Covent DR, Kyle TX 78640

The market data from 6 similar recent sales in KENSINGTON points to a value of approximately $278,292. To sell within a reasonable timeframe at fair market value, the $237,000 to $247,000 range is where I'd position this. Against 7 similar active listings in KENSINGTON, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 170 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.22 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. With 7 similar homes currently listed in KENSINGTON (a balanced market), competition is a factor to consider. In KENSINGTON, home values have fallen approximately 10.5% over the past 6 months. One of the strongest data points is 255 Paddington DR, Kyle TX 78640, adjusting to $278,985; a strong comparable. 6 comparable transactions in KENSINGTON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group