The comparable sales data (7 recent transactions in COLONIAL PLACE) supports an estimated value of $348,090. The data suggests a list price between $330,000 and $359,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in COLONIAL PLACE, this home would be the most expensive of 3 comparable homes on the market. Right now, 3 similar properties are competing for buyers in COLONIAL PLACE, listed between $270,000 and $309,900. Prices in 78754 have fallen 5.7% over the last 6 months. A similar home at 4710 Virginia Dare LN, Austin TX 78754 carries an adjusted comparable value of $389,774, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in COLONIAL PLACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group