6913 Colony Loop DR, Austin TX 78724

After reviewing 5 recent transactions in COLONY PARK, I estimate this property's value at $273,149. A competitive list price for this home right now would fall in the $203,000 to $213,000 range. This home's position in the current COLONY PARK market: the most expensive of 5 comparable homes on the market among comparable properties. This home's smaller footprint (187 sqft vs the comp average) plays a role in how the market prices it. At 7 years newer than typical comps, the 1985 build date influences the valuation. Current inventory shows 5 comparable homes in COLONY PARK; a buyer's market based on recent absorption. Prices in 78724 have risen 5.5% over the last 6 months. A similar home at 7022 Hillcroft DR, Austin TX 78724 carries an adjusted comparable value of $296,413, providing a strong data point. The comp data here (5 sales in COLONY PARK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus