2201 Colfax DR, Austin TX 78757

The market data from 7 similar recent sales in 78757 points to a value of approximately $314,700. To sell within a reasonable timeframe at fair market value, the $258,000 to $268,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in 78757. This home's smaller footprint (111 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.20 acre comp average, which factors into pricing. With 4 similar homes currently listed in 78757 (a buyer's market), competition is a factor to consider. In 78757, home values have risen approximately 13.1% over the past 6 months. One of the strongest data points is 2104 Lanier DR, Austin TX 78757, adjusting to $318,284; with a larger floor plan. 7 comparable transactions in 78757 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