127 Musket DR, Bastrop TX 78602

The market data from 3 similar recent sales in COLONY points to a value of approximately $667,029. To sell within a reasonable timeframe at fair market value, the $647,000 to $687,000 range is where I'd position this. In the current COLONY market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. The smaller floor plan (225 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2008 construction puts this home 8 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in COLONY; a buyer's market based on recent absorption. In COLONY, home values have fallen approximately 16.6% over the past 6 months. One of the strongest data points is 140 Old Windmill LN, Bastrop TX 78602, adjusting to $649,081; with a larger floor plan. 3 comparable transactions in COLONY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group