7947 Caribou DR, Spring Branch TX 78070

Taking into account 7 nearby comparable sales, this property's estimated value comes to $306,218. If we were to list this property today, I'd recommend a list price in the $345,000 to $354,000 range. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in 78070's current inventory. This home's larger footprint (176 sqft vs the comp average) plays a role in how the market prices it. Being built in 1999 (20 years older than comps) is factored into the value estimate. Right now, 5 similar properties are competing for buyers in 78070, listed between $270,000 and $530,000. The 6 month price trend in 78070: fallen 19.7%. The best comp here is 718 Chip Shot CIR, Spring Branch TX 78070 at an adjusted value of $310,610, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78070. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group