7227 Ellington CIR, Austin TX 78724

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $273,703. To generate strong buyer interest while maximizing value, I'd price this between $307,000 and $309,000. In the current COLONY PARK market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. This home's smaller footprint (115 sqft vs the comp average) plays a role in how the market prices it. The 1973 construction puts this home 8 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in COLONY PARK (a balanced market), competition is a factor to consider. 7207 Ellington CIR, Austin TX 78724 nearby adjusts to $271,095; with a larger floor plan. 7 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