7107 Colony Park, Austin TX 78724

Based on 7 closed sales in COLONY PARK, the data points to a value around $219,609 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $280,000 to $282,000. This would position the home competitively among 3 active listings in COLONY PARK. The 527 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1973 (9 years older than comps) is factored into the value estimate. The active market in COLONY PARK includes 3 comparable homes priced from $292,000 to $419,500. Market data shows 78724 prices risen 6.9% over the last half year. The closest comparable sale, 7209 Colony Park DR, Austin TX 78724 at an adjusted $195,326, is a strong comparable. The strength of this estimate comes from 7 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