1240 Mystic CYN, 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 $488,205. I'd recommend coming to market at $398,000 to $398,000 to strike the right balance between value and market velocity. Against 2 similar active listings in 78070, this price point lands at the 0th most expensive of 2 comparable homes on the market. At 275 sqft larger than the typical comp, the size difference factors into the valuation. The 3.00 acre lot (larger than the 2.51 acre average) is reflected in the estimate. 2 similar homes are currently available in 78070, creating a buyer's market for this price range. The trend in 78070 shows prices have risen 63.9% in the past 6 months. 1251 Mystic Breeze, Spring Branch TX 78070 nearby adjusts to $511,697; 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