6917 Shannon DR, Austin TX 78724

The estimated value of this property is $286,358, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $217,000 and $227,000. Against 2 similar active listings in COLONY PARK, this price point lands at the most expensive of 2 comparable homes on the market. This home's smaller footprint (622 sqft vs the comp average) plays a role in how the market prices it. The 0.13 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Current inventory shows 2 comparable homes in COLONY PARK; a buyer's market based on recent absorption. 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 $282,763; with a larger floor plan. 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