7104 Townsborough DR, Austin TX 78724

My analysis of 4 comparable properties puts this home's estimated value at $255,675. Based on how the local market is moving, a list price between $248,000 and $263,000 would position this home well. Relative to what's currently available in COLONY PARK, this home would be the 2nd most expensive of 4 comparable homes on the market. At 186 sqft smaller than the typical comp, the size difference factors into the valuation. At 5 years newer than typical comps, the 1984 build date influences the valuation. There are currently 4 similar homes on the market in COLONY PARK, ranging from $215,000 to $419,500. The 6 month price trend in 78724: risen 2.5%. The best comp here is 7022 Hillcroft DR, Austin TX 78724 at an adjusted value of $293,020, a strong comparable. The comp data here (4 sales in COLONY PARK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus