2122 Hancock DR # 207, Austin TX 78756

After reviewing 7 recent transactions in 78756, I estimate this property's value at $159,112. A competitive list price for this home right now would fall in the $181,000 to $243,000 range. This would position the home competitively among 3 active listings in 78756. Being 177 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 18 years older than typical comps, the 1968 build date influences the valuation. With 3 similar homes currently listed in 78756 (a balanced market), competition is a factor to consider. Prices in 78756 have fallen 20.5% over the last 6 months. A similar home at 3839 Dry Creek DR # 145, Austin TX 78731 carries an adjusted comparable value of $147,754, providing a strong data point. With 7 comparable sales in 78756, 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