7821 ELK DR, Spring Branch TX 78070

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $321,280. I'd recommend coming to market at $344,000 to $348,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78070, this price point stands out as competitive. The 152 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1987, this home is 27 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in 78070; a buyer's market based on recent absorption. The trend in 78070 shows prices have risen 8.3% in the past 6 months. 7662 Jessica LN, Spring Branch TX 78070 nearby adjusts to $347,652; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group