5709 TURA LN # 1, Austin TX 78721

The market data from 3 similar recent sales in HOBBS points to a value of approximately $542,469. To sell within a reasonable timeframe at fair market value, the $538,000 to $548,000 range is where I'd position this. In the current HOBBS market with 4 similar homes available, this price represents the 0th most expensive of 4 comparable homes on the market. The 2021 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 0.29 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. The active market in HOBBS includes 4 comparable homes priced from $479,000 to $525,000. In 78721, home values have fallen approximately 14% over the past 6 months. One of the strongest data points is 2708 Kingsland WAY, Austin TX 78725, adjusting to $547,848; a strong comparable. The 3 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