1125 Terry # 1, Austin TX 78721

The estimated value of this property is $465,875, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $276,000 and $286,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in HOBBS. The 288 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2018, this home is 8 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in HOBBS (a buyer's market), competition is a factor to consider. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 5709 Tura LN # 2, Austin TX 78721, with an adjusted value of $345,124; with a smaller floor plan. Based on 7 relevant data points in HOBBS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX