487 Mystic PKWY, Spring Branch TX 78070

The estimated value of this property is $625,009, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $845,000 and $916,000. Against 5 similar active listings in 78070, this price point lands at the most affordable of 5 comparable homes on the market. At 1,326 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2006, this home is 9 years older than the average comp, which is reflected in the adjustments. The active market in 78070 includes 5 comparable homes priced from $669,000 to $2,200,000. Recent trends in 78070 show home values have fallen 1% since 6 months ago. The most comparable recent sale is 4575 Tanglewood TRL, Spring Branch TX 78070, with an adjusted value of $425,862; with a smaller floor plan. Based on 7 relevant data points in 78070, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX