7231 Ellington CIR, Austin TX 78724

Based on 3 closed sales in COLONY PARK, the data points to a value around $208,125 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $292,000 to $316,000. This would position the home competitively among 7 active listings in COLONY PARK. The smaller floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1974 (5 years older than comps) is factored into the value estimate. Buyers in COLONY PARK have 7 comparable options right now, with asking prices between $285,000 and $419,500. Market data shows 78724 prices risen 6.8% over the last half year. The closest comparable sale, 7000 Carwill DR, Austin TX 78724 at an adjusted $243,180, is a strong comparable. The strength of this estimate comes from 3 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