1615 Glencrest DR, Austin TX 78723

The market data from 7 similar recent sales in COLONIAL HILLS points to a value of approximately $425,952. To sell within a reasonable timeframe at fair market value, the $495,000 to $500,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in COLONIAL HILLS. At 0.24 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in COLONIAL HILLS, listed between $391,000 and $592,500. In COLONIAL HILLS, home values have fallen approximately 35.3% over the past 6 months. One of the strongest data points is 6303 Brookside DR, Austin TX 78723, adjusting to $282,120; a strong comparable. 7 comparable transactions in COLONIAL HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group