401 E Applegate DR, Austin TX 78753

Based on 5 closed sales in MOCKINGBIRD HILL, the data points to a value around $316,149 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $212,000 to $222,000. Relative to what's currently available in MOCKINGBIRD HILL, this home would be the 4th most expensive of 7 comparable homes on the market. At 211 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1985 (9 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in MOCKINGBIRD HILL (a buyer's market), competition is a factor to consider. Market data shows 78753 prices fallen 1.9% over the last half year. The closest comparable sale, 11702 POLLYANNA Ave, Austin TX 78753 at an adjusted $304,967, is a strong comparable. The strength of this estimate comes from 5 directly comparable sales in MOCKINGBIRD HILL. 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