140 Colony CT, Bastrop TX 78602

The market data from 7 similar recent sales in COLONY points to a value of approximately $399,425. To sell within a reasonable timeframe at fair market value, the $446,000 to $457,000 range is where I'd position this. Against 7 similar active listings in COLONY, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 2001 construction puts this home 24 years older than the comp average, a factor in the pricing. At 1.18 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. The active market in COLONY includes 7 comparable homes priced from $319,000 to $585,999. In COLONY, home values have fallen approximately 16.6% over the past 6 months. One of the strongest data points is 294 Maddy WAY, Bastrop TX 78602, adjusting to $456,603; a strong comparable. 7 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