1120 Terry DR, Austin TX 78721

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $384,200. To generate strong buyer interest while maximizing value, I'd price this between $320,000 and $330,000. In the current HOBBS market with 6 similar homes available, this price represents the 2nd most expensive of 6 comparable homes on the market. The 1952 construction puts this home 22 years older than the comp average, a factor in the pricing. At 0.15 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in HOBBS, listed between $300,000 and $449,500. The trend in 78721 shows prices have fallen 7.9% in the past 6 months. 1140 Richardine Ave, Austin TX 78721 nearby adjusts to $438,109; a strong comparable. 7 comparable transactions in HOBBS 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