2604 Hancock DR, Austin TX 78731

Based on 7 closed sales in TURNABOUT TERRACE, the data points to a value around $1,400,153 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $632,000 to $642,000. Buyers shopping in TURNABOUT TERRACE right now would see this as a well positioned option among 7 comparable homes. This home's larger footprint (139 sqft vs the comp average) plays a role in how the market prices it. Being built in 1996 (42 years newer than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in TURNABOUT TERRACE; a balanced market based on recent absorption. Market data shows 78731 prices risen 1.4% over the last half year. The closest comparable sale, 5202 Balcones DR, Austin TX 78731 at an adjusted $664,736, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in TURNABOUT TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group