4308 Red River ST, Austin TX 78751

After reviewing 5 recent transactions in HANCOCK, I estimate this property's value at $650,901. A competitive list price for this home right now would fall in the $368,000 to $378,000 range. Relative to what's currently available in HANCOCK, this home would be the most expensive of 7 comparable homes on the market. At 12 years newer than typical comps, the 1953 build date influences the valuation. The larger lot (0.24 acres versus the area average of 0.18) contributes to the valuation. 7 similar homes are currently available in HANCOCK, creating a buyer's market for this price range. Prices in 78751 have fallen 12.9% over the last 6 months. A similar home at 605 Harris Ave, Austin TX 78705 carries an adjusted comparable value of $785,946, providing a strong data point. With 5 comparable sales in HANCOCK, 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