5711 Tura LN # 1, Austin TX 78721

After reviewing 5 recent transactions in HOBBS, I estimate this property's value at $538,305. A competitive list price for this home right now would fall in the $289,000 to $299,000 range. Relative to what's currently available in HOBBS, this home would be the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (115 sqft vs the comp average) plays a role in how the market prices it. At 8 years newer than typical comps, the 2021 build date influences the valuation. Right now, 7 similar properties are competing for buyers in HOBBS, listed between $295,000 and $569,900. Prices in 78721 have fallen 16.1% over the last 6 months. A similar home at 2708 Kingsland WAY, Austin TX 78725 carries an adjusted comparable value of $547,749, providing a strong data point. With 5 comparable sales in HOBBS, 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