580 Jonquil DR, Spring Branch TX 78070

The market data from 7 similar recent sales in 78070 points to a value of approximately $438,551. To sell within a reasonable timeframe at fair market value, the $425,000 to $452,000 range is where I'd position this. With 1 comparable homes on the market in 78070, this price positions the property as below the only comparable home currently on the market. This home's larger footprint (237 sqft vs the comp average) plays a role in how the market prices it. The 2004 construction puts this home 12 years older than the comp average, a factor in the pricing. With 1 similar homes currently listed in 78070 (a buyer's market), competition is a factor to consider. In 78070, home values have fallen approximately 19.7% over the past 6 months. One of the strongest data points is 4575 Tanglewood TRL, Spring Branch TX 78070, adjusting to $364,793; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group