612 Sheraton Ave, Austin TX 78745

Based on 7 closed sales in COLONIAL, the data points to a value around $299,665 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $210,000 to $220,000. Relative to what's currently available in COLONIAL, this home would be the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (125 sqft vs the comp average) plays a role in how the market prices it. Being built in 2006 (13 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in COLONIAL (a buyer's market), competition is a factor to consider. Market data shows 78745 prices risen 0.7% over the last half year. The closest comparable sale, 612 Colonial Park BLVD, Austin TX 78745 at an adjusted $371,587, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in COLONIAL. 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