113 Powder Horn RD, Bastrop TX 78602

Based on 7 closed sales in COLONY, the data points to a value around $409,312 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $324,000 to $334,000. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in COLONY's current inventory. Being built in 2005 (20 years older than comps) is factored into the value estimate. Lot size matters here: 1.83 acres versus 0.14 for the typical comp. Current inventory shows 7 comparable homes in COLONY; a buyer's market based on recent absorption. Market data shows COLONY prices fallen 16.6% over the last half year. The closest comparable sale, 302 Maddy WAY, Bastrop TX 78602 at an adjusted $425,499, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in COLONY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group