204 W Applegate DR, Austin TX 78753

The estimated value of this property is $546,507, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $374,000 and $384,000. Against 7 similar active listings in MOCKINGBIRD HILL, this price point lands at the most expensive of 7 comparable homes on the market. The larger floor plan (453 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2001, this home is 36 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in MOCKINGBIRD HILL; a buyer's market based on recent absorption. Recent trends in 78753 show home values have fallen 0.2% since 6 months ago. The most comparable recent sale is 11707 Hornsby ST, Austin TX 78753, with an adjusted value of $476,443; with a smaller 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