7237 Ellington CIR, Austin TX 78724

The market data from 3 similar recent sales in COLONY PARK points to a value of approximately $246,024. To sell within a reasonable timeframe at fair market value, the $305,000 to $307,000 range is where I'd position this. In the current COLONY PARK market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. At 213 sqft smaller than the typical comp, the size difference factors into the valuation. The 1974 construction puts this home 8 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in COLONY PARK (a balanced market), competition is a factor to consider. One of the strongest data points is 7000 Carwill DR, Austin TX 78724, adjusting to $233,260; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group