97 S Old Spanish TRL, Kyle TX 78640

The estimated value of this property is $326,392, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $281,000 and $291,000. Against 7 similar active listings in COMMANCHE RIDGE, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Built in 2011, this home is 14 years older than the average comp, which is reflected in the adjustments. The 1.01 acre lot (larger than the 0.13 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in COMMANCHE RIDGE; a buyer's market based on recent absorption. Recent trends in 78640 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 181 Morett DR, Uhland TX 78640, with an adjusted value of $308,774; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group