6916 Colony Loop DR, Austin TX 78724

The estimated value of this property is $252,582, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $283,000 and $291,000. Against 3 similar active listings in COLONY PARK, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (487 sqft vs the comp average) plays a role in how the market prices it. 3 similar homes are currently available in COLONY PARK, creating a buyer's market for this price range. Recent trends in 78724 show home values have risen 5.5% since 6 months ago. The most comparable recent sale is 7022 Hillcroft DR, Austin TX 78724, with an adjusted value of $282,698; with a larger 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