701 Sheraton Ave, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $441,014. I'd recommend coming to market at $311,000 to $321,000 to strike the right balance between value and market velocity. In the current COLONIAL market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 2005, this home is 20 years newer than the average comp, which is reflected in the adjustments. Buyers in COLONIAL have 7 comparable options right now, with asking prices between $300,000 and $599,900. The trend in 78745 shows prices have fallen 4.9% in the past 6 months. 402 Colonial Park BLVD, Austin TX 78745 nearby adjusts to $375,570; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group