4708 Lake Champlain LN, Austin TX 78754

The market data from 3 similar recent sales in COLONIAL PLACE points to a value of approximately $302,841. To sell within a reasonable timeframe at fair market value, the $319,000 to $320,000 range is where I'd position this. With 6 comparable homes on the market in COLONIAL PLACE, this price positions the property as the most affordable of 6 comparable homes on the market. The 626 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.20 acres, the lot is smaller than the 0.24 acre comp average, which factors into pricing. With 6 similar homes currently listed in COLONIAL PLACE (a buyer's market), competition is a factor to consider. In 78754, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 4710 Virginia Dare LN, Austin TX 78754, adjusting to $318,903; with a larger floor plan. 3 comparable transactions in COLONIAL PLACE 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