8500 Mayview DR, Austin TX 78724

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $456,145. I'd recommend coming to market at $298,000 to $308,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in COLONY PARK HILLS IA, this price positions the property as the most expensive of 4 comparable homes on the market. At 147 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1977, this home is 7 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in COLONY PARK HILLS IA (a buyer's market), competition is a factor to consider. The trend in 78724 shows prices have risen 5.5% in the past 6 months. 6503 Bridgewater CV, Austin TX 78723 nearby adjusts to $473,823; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group