231 Lamplight, Spring Branch TX 78070

Based on 7 closed sales in CYPRESS COVE, the data points to a value around $325,248 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $371,000 to $391,000. This home's position in the current CYPRESS COVE market: the most affordable of 4 comparable homes on the market among comparable properties. Being built in 1970 (42 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.81 for the typical comp. Current inventory shows 4 comparable homes in CYPRESS COVE; a buyer's market based on recent absorption. Market data shows 78070 prices fallen 28.6% over the last half year. The closest comparable sale, 2540 TANGLEWOOD TRL TRL, Spring Branch TX 78070 at an adjusted $240,302, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus