1123 Terry DR, Austin TX 78721

After reviewing 7 recent transactions in HOBBS, I estimate this property's value at $366,161. A competitive list price for this home right now would fall in the $288,000 to $298,000 range. Relative to what's currently available in HOBBS, this home would be the most expensive of 4 comparable homes on the market. The smaller floor plan (356 sqft compared to the average comp) is a meaningful differentiator in this price range. At 6 years older than typical comps, the 1961 build date influences the valuation. Current inventory shows 4 comparable homes in HOBBS; a buyer's market based on recent absorption. Prices in 78721 have fallen 5% over the last 6 months. A similar home at 1112 Mason Ave, Austin TX 78721 carries an adjusted comparable value of $413,862, providing a strong data point. With 7 comparable sales in HOBBS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group