7301 Colony Park DR, Austin TX 78724

Reviewing the most recent comparable transactions, this home's market value falls around $264,455. For a well positioned listing in 78724, I'd target the $288,000 to $289,000 range. Against 5 similar active listings in 78724, this price point lands at the most affordable of 5 comparable homes on the market. At 0.16 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in 78724; a buyer's market based on recent absorption. Recent trends in 78724 show home values have risen 2% since 6 months ago. The most comparable recent sale is 9108 Wellesley DR, Austin TX 78754, with an adjusted value of $284,173; a strong comparable. 7 comparable transactions in 78724 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