817 Sheraton Ave, Austin TX 78745

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $677,176. I'd recommend coming to market at $523,000 to $533,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in COLONIAL, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The 0.17 acre lot (larger than the 0.14 acre average) is reflected in the estimate. There are currently 5 similar homes on the market in COLONIAL, ranging from $489,000 to $765,000. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 3610 S 2nd ST, Austin TX 78704 nearby adjusts to $669,800; a strong comparable. Based on 3 relevant data points in COLONIAL, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX