6920 Carwill DR, Austin TX 78724

After reviewing 4 recent transactions in COLONY PARK, I estimate this property's value at $302,883. A competitive list price for this home right now would fall in the $210,000 to $220,000 range. Relative to what's currently available in COLONY PARK, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (150 sqft compared to the average comp) is a meaningful differentiator in this price range. At 7 years older than typical comps, the 1973 build date influences the valuation. With 3 similar homes currently listed in COLONY PARK (a buyer's market), competition is a factor to consider. 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 $294,892, providing a strong data point. With 4 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