The comparable sales data (7 recent transactions in COLONY MUD) supports an estimated value of $525,462. The data suggests a list price between $613,000 and $621,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in COLONY MUD, this home would be the 2nd most expensive of 3 comparable homes on the market. Lot size matters here: 0.92 acres versus 0.36 for the typical comp. There are currently 3 similar homes on the market in COLONY MUD, ranging from $480,000 to $749,900. Prices in COLONY MUD have fallen 22% over the last 6 months. A similar home at 124 Abamillo DR, Bastrop TX 78602 carries an adjusted comparable value of $550,286, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in COLONY MUD. 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