4914 Dorchester HTS, Austin TX 78754

My analysis of 7 comparable properties puts this home's estimated value at $349,364. Based on how the local market is moving, a list price between $339,000 and $360,000 would position this home well. This home's position in the current COLONIAL PLACE market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.22 acres versus the area average of 0.18) contributes to the valuation. Current inventory shows 7 comparable homes in COLONIAL PLACE; a buyer's market based on recent absorption. The 6 month price trend in 78754: fallen 8.7%. The best comp here is 4710 Lake Champlain LN, Austin TX 78754 at an adjusted value of $364,800, a strong comparable. With 7 comparable sales in COLONIAL PLACE, 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