6706 Colony Park CV, Austin TX 78724

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $285,737. I'd recommend coming to market at $232,000 to $242,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in COLONY PARK. This home's smaller footprint (369 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 3 comparable homes in COLONY PARK; a buyer's market based on recent absorption. The trend in 78724 shows prices have risen 2.5% in the past 6 months. 7022 Hillcroft DR, Austin TX 78724 nearby adjusts to $296,039; a strong comparable. Based on 7 relevant data points in COLONY PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX