7000 Shannon DR, Austin TX 78724

Reviewing the most recent comparable transactions, this home's market value falls around $244,845. For a well positioned listing in COLONY PARK, I'd target the $285,000 to $288,000 range. Against 3 similar active listings in COLONY PARK, this price point lands at the most affordable of 3 comparable homes on the market. This home's smaller footprint (127 sqft vs the comp average) plays a role in how the market prices it. The 1984 construction puts this home 5 years newer than the comp average, a factor in the pricing. 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 2% since 6 months ago. The most comparable recent sale is 7209 Colony Park DR, Austin TX 78724, with an adjusted value of $203,882; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group