702 Sheraton Ave, Austin TX 78745

The market data from 3 similar recent sales in COLONIAL points to a value of approximately $447,306. To sell within a reasonable timeframe at fair market value, the $303,000 to $313,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in COLONIAL. At 107 sqft larger than the typical comp, the size difference factors into the valuation. At 0.20 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in COLONIAL, ranging from $290,000 to $725,000. In 78745, home values have risen approximately 2.2% over the past 6 months. One of the strongest data points is 402 Colonial Park BLVD, Austin TX 78745, adjusting to $419,213; with a smaller 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