7108 E Meadow Bend DR, Austin TX 78724

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $290,518. I'd recommend coming to market at $237,000 to $247,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in COLONY PARK HILLS IA, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. This home's smaller footprint (118 sqft vs the comp average) plays a role in how the market prices it. 5 similar homes are currently available in COLONY PARK HILLS IA, creating a buyer's market for this price range. The trend in 78724 shows prices have risen 4.7% in the past 6 months. 7514 Uray DR, Austin TX 78724 nearby adjusts to $323,179; a strong comparable. Based on 5 relevant data points in COLONY PARK HILLS IA, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX