2401 Hancock DR, Austin TX 78756

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $714,182. To generate strong buyer interest while maximizing value, I'd price this between $543,000 and $553,000. In the current SHOALMONT market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. At 512 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.17 acres, the lot is smaller than the 0.22 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in SHOALMONT; a balanced market based on recent absorption. The trend in SHOALMONT shows prices have risen 22% in the past 6 months. 5408 Montview ST, Austin TX 78756 nearby adjusts to $606,700; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group