8606 Colonial DR, Austin TX 78758

After reviewing 7 recent transactions in WOOTEN, I estimate this property's value at $499,822. A competitive list price for this home right now would fall in the $362,000 to $372,000 range. Relative to what's currently available in WOOTEN, this home would be the 2nd most expensive of 3 comparable homes on the market. At 207 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.18 acres versus the area average of 0.21) contributes to the valuation. Current inventory shows 3 comparable homes in WOOTEN; a buyer's market based on recent absorption. Prices in 78758 have fallen 4.6% over the last 6 months. A similar home at 1209 Clearfield DR, Austin TX 78758 carries an adjusted comparable value of $490,614, providing a strong data point. With 7 comparable sales in WOOTEN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group