120 Old Windmill LN, Austin TX 78602

The estimated value of this property is $591,182, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $681,000 and $692,000. With 7 comparable homes on the market in COLONY, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 2005, this home is 14 years older than the average comp, which is reflected in the adjustments. The 1.01 acre lot (larger than the 0.86 acre average) is reflected in the estimate. With 7 similar homes currently listed in COLONY (a buyer's market), competition is a factor to consider. Recent trends in COLONY show home values have fallen 16.6% since 6 months ago. The most comparable recent sale is 106 Packsaddle DR, Bastrop TX 78602, with an adjusted value of $663,475; with a larger floor plan. Based on 7 relevant data points in COLONY, 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