150 Nichols LN, Bastrop TX 78602

Based on 7 closed sales in COLONY, the data points to a value around $570,515 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $448,000 to $458,000. Relative to what's currently available in COLONY, this home would be the 3rd most expensive of 7 comparable homes on the market. Being built in 2012 (12 years older than comps) is factored into the value estimate. Lot size matters here: 3.18 acres versus 0.30 for the typical comp. With 7 similar homes currently listed in COLONY (a buyer's market), competition is a factor to consider. Market data shows COLONY prices fallen 16.6% over the last half year. The closest comparable sale, 117 Palo Pinto BND, Bastrop TX 78602 at an adjusted $544,439, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus