7000 Colony LOOP, Austin TX 78724

After reviewing 7 recent transactions in COLONY PARK, I estimate this property's value at $281,177. A competitive list price for this home right now would fall in the $213,000 to $223,000 range. Relative to what's currently available in COLONY PARK, this home would be the most expensive of 6 comparable homes on the market. Being 143 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (0.17 acres versus the area average of 0.14) contributes to the valuation. Right now, 6 similar properties are competing for buyers in COLONY PARK, listed between $215,000 and $325,000. 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 $306,388, providing a strong data point. The comp data here (7 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