280 Colonial Affair, Austin TX 78737

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $870,341. I'd recommend coming to market at $700,000 to $710,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78737, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 115 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2001, this home is 8 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78737 (a balanced market), competition is a factor to consider. The trend in 78737 shows prices have risen 1.3% in the past 6 months. 211 Heritage DR, Austin TX 78737 nearby adjusts to $847,535; with a 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