7107 Townsborough DR, Austin TX 78724

After reviewing 7 recent transactions in COLONY PARK, I estimate this property's value at $237,193. A competitive list price for this home right now would fall in the $282,000 to $294,000 range. Relative to what's currently available in COLONY PARK, this home would be the most affordable of 2 comparable homes on the market. This home's smaller footprint (503 sqft vs the comp average) plays a role in how the market prices it. Buyers in COLONY PARK have 2 comparable options right now, with asking prices between $292,000 and $419,500. Prices in 78724 have risen 6% over the last 6 months. A similar home at 7022 Hillcroft DR, Austin TX 78724 carries an adjusted comparable value of $281,831, providing a strong data point. With 7 comparable sales in COLONY PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group