500 W Applegate DR, Austin TX 78753

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $295,160. I'd recommend coming to market at $327,000 to $340,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in MOCKINGBIRD HILL, this price positions the property as the most affordable of 3 comparable homes on the market. This home's smaller footprint (208 sqft vs the comp average) plays a role in how the market prices it. Built in 1978, this home is 6 years newer than the average comp, which is reflected in the adjustments. The active market in MOCKINGBIRD HILL includes 3 comparable homes priced from $319,000 to $365,000. The trend in 78753 shows prices have fallen 0.2% in the past 6 months. 1010 W Rundberg LN W # 13, Austin TX 78758 nearby adjusts to $214,186; a strong comparable. Based on 7 relevant data points in MOCKINGBIRD HILL, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX