1201 Texas Oaks, Spring Branch TX 78070

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,212,985. I'd recommend coming to market at $476,000 to $486,000 to strike the right balance between value and market velocity. Against 1 similar active listings in 78070, this price point lands at below the only comparable home currently on the market. The smaller floor plan (1,024 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2004, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in 78070; a buyer's market based on recent absorption. The trend in 78070 shows prices have fallen 48.8% in the past 6 months. 1500 Rebecca Creek RD, Canyon Lake TX 78133 nearby adjusts to $1,550,272; with a larger floor plan. Based on 3 relevant data points in 78070, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX