CMA — 7932 Kilgore Road — Thomas Lower

REALTEAMREAL ESTATE
Thomas Lower

Thomas Lower
REALTEAM Real Estate · (616) 890-3087 · tom@mirealteam.com
PRELIMINARY — automatically generated comparative market analysis. Reply to Logan to revise or remove this page.
How this one was priced: This home is distinctive enough that there aren't enough recent comparable sales nearby to price it tightly — this is a broad market read from area price-per-sq-ft; the precise number is best set with a walkthrough.
Comparative Market Analysis · Appraiser-Style Methodology · Prepared July 2026
7932 Kilgore Road▤ View all 12 photos

7932 Kilgore Road

Greenwood, MI 48006 · — · Yale Public Schools
Opinion of Market Value
$205,000 – $275,000
Most probable price ≈ $240,000 · 45% confidence · cooling market
Pricing Strategy

Four Ways to Price It

A single number hides the strategy. In a market absorbing inventory in 6.0 months at 97.1% of list, here is the full ladder — priced so the home lists strong and never leaves money on the table.

Conservative
$205,000
Quick, near-certain sale
Market Value
$240,000
Most probable sale price
Strategic List Price
$240,000
List here — priced to the market
Aspirational
$275,000
Tests the top of the range
The Subject Property

A Greenwood Bungalow

A 2011 bungalow in Greenwood — 1,744 sq ft above grade, 3 bedrooms, 3 baths, and a 2-car garage on a 5.07 acre lot. Welcome home to this beautifully maintained 3 bedroom, 2 bath home nestled in the peaceful community of Greenwood! (per the MLS listing.)

Style
Bungalow
Subdivision
Schools
Yale Public Schools
Bedrooms
3
Bathrooms
3
Above-Grade Living Area
1,744 sqft
Finished Basement
Garage
2-car
Year Built
2011
Lot
5.07 ac
Last Sale
Active at $440,000
Updates
Updated per MLS remarks
Photos · select any to view all 12
Market Conditions

Cooling Market — Price Sharp

The subject’s segment (Greenwood 48006, 1,395–2,092 sq ft) is absorbing inventory in 6.0 months, with a median 26-day market time, with homes closing at 97.1% of list. This reads as a cooling market, which the pricing below reflects.

6.0
Months of Inventory
26 days
Median Days on Market
97%
Sale-to-List
Comparable Sales · MiRealSource MLS

The Comparables

Comps were selected by subdivision first, then adjacent neighborhoods within the same schools, held to ±20% of the home’s above-grade size and the last six months. Each is scored 0–100 (location, size, age, style, lot, condition, amenities); anything under 70 is set aside. Select any home to see every MLS photo.

Adjustments & Weighting

Appraiser-Style Reconciliation

Each comparable’s sold price is adjusted to your home — living area (marginal $75/sqft), finished basement ($25/sqft), garage ($8,000/bay), lot, age/condition, and location — then weighted by similarity rather than averaged.

Comparable Sold Price Living Area Basement Garage Lot Age/Condition Location Adjusted Value Weight

How to read this: each adjustment adds or subtracts what a difference is worth (a comp with a bigger basement than yours is adjusted down, and vice versa). “Adjusted Value” is what that sale suggests your home is worth. “Weight” is how strongly that comp counts toward the final opinion — the closest matches count most.

Reconciled and weighted by similarity — not averaged — the evidence centers on $240,000; positioned for the cooling market, the opinion of value is $240,000.

Weighted indicated value $240,000 → opinion of value $240,000
Active Competition & Pending Sales

What Buyers Are Choosing From

On the market now (1)
$440,0007932 Kilgore Road1,744 sf · 59 days
Under contract (0)

Right now buyers in this size band are choosing from asks of $440,000–$440,000 — measured against that, the opinion of value holds.

Confidence

45% Confidence

  • This home is distinctive enough that recent comparable sales nearby are limited.
  • Priced from area price-per-square-foot as a broad read — the precise number needs a walkthrough.
What Your Numbers Say

Where You Stand

  • Homes like yours are selling in about 26 days.
  • Only 1 comparable homes are on the market — limited competition favors you.
Key Assumptions & Risks to Value
Assumptions
  • Above-grade living area of 1,744 sq ft per the MLS record.
  • Interior condition assumed consistent with the most recent listing record — a current walkthrough may adjust value up or down.
  • No unpermitted additions or major deferred systems beyond normal age.
Risks
  • If interior condition lags the comparables, value trends toward the $205,000 conservative figure.
  • A rate move could shift the buyer pool this analysis is priced against.
Thomas Lower

Thomas Lower
REALTEAM Real Estate
(616) 890-3087 · tom@mirealteam.com
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Prepared by Thomas Lower, REALTEAM Real Estate, July 2026, using the Logan CMA Framework (USPAP-inspired). Data: MiRealSource / Realcomp MLS + public records. Square footage is above-grade finished area; basements shown separately. Subject photos are from the prior MLS listing; comparable photos are current MLS listing photos. This is a broker opinion of value for marketing purposes, not an appraisal. Equal Housing Opportunity.