6915 Shannon DR, Austin TX 78724

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $249,810. Pricing this home between $207,000 and $217,000 would put it in the competitive sweet spot for COLONY PARK. This home's position in the current COLONY PARK market: the most expensive of 2 comparable homes on the market among comparable properties. Being 756 sqft smaller than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.14 acres versus the area average of 0.17) contributes to the valuation. There are currently 2 similar homes on the market in COLONY PARK, ranging from $215,000 to $298,000. Market data shows 78724 prices risen 5.5% over the last half year. The closest comparable sale, 7022 Hillcroft DR, Austin TX 78724 at an adjusted $270,920, is with a larger floor plan. With 7 comparable sales in COLONY PARK, 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