7022 Hillcroft DR, Austin TX 78724

The market data from 5 similar recent sales in COLONY PARK points to a value of approximately $193,604. To sell within a reasonable timeframe at fair market value, the $188,000 to $199,000 range is where I'd position this. Against 3 similar active listings in COLONY PARK, this price point lands at the most affordable of 3 comparable homes on the market. The smaller floor plan (155 sqft compared to the average comp) is a meaningful differentiator in this price range. With 3 similar homes currently listed in COLONY PARK (a buyer's market), competition is a factor to consider. In 78724, home values have fallen approximately 2.7% over the past 6 months. One of the strongest data points is 6908 Pondsdale LN, Austin TX 78724, adjusting to $285,360; with a smaller floor plan. 5 comparable transactions in COLONY PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group