7003 Shannon DR, Austin TX 78724

Based on 3 closed sales in COLONY PARK, the data points to a value around $231,792 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $225,000 to $239,000. This home's position in the current COLONY PARK market: below the only comparable home currently on the market among comparable properties. Being 108 sqft smaller than the average comparable sale in this area impacts the per square foot value. With 1 similar homes currently listed in COLONY PARK (a balanced market), competition is a factor to consider. The closest comparable sale, 7209 Colony Park DR, Austin TX 78724 at an adjusted $209,991, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in COLONY PARK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group