1508 Glencrest DR, Austin TX 78723

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $481,711. I'd recommend coming to market at $562,000 to $577,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 6 comparable homes on the market comparable homes currently on the market in COLONIAL HILLS. The pool is a standout feature, with 7 of 7 comparable homes not offering one. The 0.23 acre lot (larger than the 0.20 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in COLONIAL HILLS; a buyer's market based on recent absorption. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 6303 Brookside DR, Austin TX 78723 nearby adjusts to $315,457; with a smaller floor plan and no pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group