298 Caribou DR, Spring Branch TX 78070

The market data from 7 similar recent sales in 78070 points to a value of approximately $290,740. To sell within a reasonable timeframe at fair market value, the $237,000 to $247,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78070. The larger floor plan (127 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2001 construction puts this home 18 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78070; a buyer's market based on recent absorption. In 78070, home values have risen approximately 10.5% over the past 6 months. One of the strongest data points is 10060 Rebecca Creek RD, Spring Branch TX 78070, adjusting to $263,374; with a smaller 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