1125 Terry DR, Austin TX 78721

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $421,732. I'd recommend coming to market at $191,000 to $201,000 to strike the right balance between value and market velocity. Against 4 similar active listings in HOBBS, this price point lands at the 2nd most expensive of 4 comparable homes on the market. This home's smaller footprint (394 sqft vs the comp average) plays a role in how the market prices it. Built in 1950, this home is 24 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in HOBBS (a buyer's market), competition is a factor to consider. The trend in 78721 shows prices have fallen 7.5% in the past 6 months. 1110 Christie DR, Austin TX 78721 nearby adjusts to $432,250; with a larger 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