700 Engelke RD, Niederwald TX 78640

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $318,414. I'd recommend coming to market at $249,000 to $259,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78640. Built in 1992, this home is 18 years older than the average comp, which is reflected in the adjustments. The 5.00 acre lot (larger than the 0.98 acre average) is reflected in the estimate. Buyers in 78640 have 7 comparable options right now, with asking prices between $250,000 and $337,580. The trend in 78640 shows prices have fallen 6.8% in the past 6 months. 109 Appaloosa DR, Kyle TX 78640 nearby adjusts to $298,312; with a larger floor plan. 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