810 Sussex DR, Austin TX 78745

The market data from 6 similar recent sales in COLONIAL PARK points to a value of approximately $281,860. To sell within a reasonable timeframe at fair market value, the $361,000 to $365,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in COLONIAL PARK. The 1971 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in COLONIAL PARK; a buyer's market based on recent absorption. In 78745, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 311 Rowland DR, Austin TX 78745, adjusting to $280,202; a strong comparable. 6 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