7002 Carwill DR, Austin TX 78724

Reviewing the most recent comparable transactions, this home's market value falls around $247,915. For a well positioned listing in COLONY PARK, I'd target the $240,000 to $255,000 range. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in COLONY PARK. This home's smaller footprint (219 sqft vs the comp average) plays a role in how the market prices it. At 0.17 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. 2 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 5.7% since 6 months ago. The most comparable recent sale is 6919 Shannon DR, Austin TX 78724, with an adjusted value of $195,956; with a larger floor plan. 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