1640 Rimrock CV, Spring Branch TX 78070

The market data from 7 similar recent sales in 78070 points to a value of approximately $501,037. To sell within a reasonable timeframe at fair market value, the $636,000 to $673,000 range is where I'd position this. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in 78070. The 258 sqft size difference versus comparable sales is reflected in the adjusted values. The 2024 construction puts this home 5 years newer than the comp average, a factor in the pricing. 2 similar homes are currently available in 78070, creating a buyer's market for this price range. In 78070, home values have fallen approximately 28.6% over the past 6 months. One of the strongest data points is 317 Prairie Tea LN, Canyon Lake TX 78133, adjusting to $505,249; with a larger floor plan. 7 comparable transactions in 78070 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group