803 Newcastle DR, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $288,617. For a well positioned listing in COLONIAL PARK, I'd target the $368,000 to $374,000 range. With 3 comparable homes on the market in COLONIAL PARK, this price positions the property as the most affordable of 3 comparable homes on the market. The 1971 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 3 similar homes currently listed in COLONIAL PARK (a buyer's market), competition is a factor to consider. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 309 Rowland DR, Austin TX 78745, with an adjusted value of $292,294; a strong comparable. 7 comparable transactions in COLONIAL 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