6907 Shannon DR, Austin TX 78724

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $264,281. I'd recommend coming to market at $323,000 to $343,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in COLONY PARK, this price positions the property as the most affordable of 5 comparable homes on the market. The 0.12 acre lot (smaller than the 0.16 acre average) is reflected in the estimate. With 5 similar homes currently listed in COLONY PARK (a buyer's market), competition is a factor to consider. The trend in 78724 shows prices have risen 6.1% in the past 6 months. 7000 Carwill DR, Austin TX 78724 nearby adjusts to $270,633; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group