9117 Magna Carta LOOP, Austin TX 78754

The market data from 7 similar recent sales in COLONIAL PLACE points to a value of approximately $312,627. To sell within a reasonable timeframe at fair market value, the $333,000 to $351,000 range is where I'd position this. Against 4 similar active listings in COLONIAL PLACE, this price point lands at the most affordable of 4 comparable homes on the market. The 2004 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. With 4 similar homes currently listed in COLONIAL PLACE (a buyer's market), competition is a factor to consider. In 78754, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 11109 Roderick Lawson LN, Austin TX 78754, adjusting to $312,506; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group