3911 Cologne LN, Austin TX 78727

My analysis of 7 comparable properties puts this home's estimated value at $563,089. Based on how the local market is moving, a list price between $615,000 and $639,000 would position this home well. This home's position in the current MILWOOD market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. Having a pool is a plus; 7 of the 7 comps lacked one. The larger lot (0.25 acres versus the area average of 0.20) contributes to the valuation. Current inventory shows 5 comparable homes in MILWOOD; a balanced market based on recent absorption. The 6 month price trend in MILWOOD: risen 4.4%. The best comp here is 4202 Kilgore LN, Austin TX 78727 at an adjusted value of $417,886, with no pool. With 7 comparable sales in MILWOOD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group