298 Caribou DR, Spring Branch TX 78070

The market data from 7 similar recent sales in 78070 points to a value of approximately $274,918. To sell within a reasonable timeframe at fair market value, the $307,000 to $320,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in 78070. The 2001 construction puts this home 15 years older than the comp average, a factor in the pricing. At 0.50 acres, the lot is smaller than the 0.57 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in 78070; a buyer's market based on recent absorption. In 78070, home values have risen approximately 86.4% over the past 6 months. One of the strongest data points is 7662 Jessica LN, Spring Branch TX 78070, adjusting to $319,657; 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