The comparable sales data (3 recent transactions in COLONY MUD) supports an estimated value of $524,749. The data suggests a list price between $586,000 and $634,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in COLONY MUD, this home would be the 4th most expensive of 7 comparable homes on the market. The 353 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.92 acres versus 0.65 for the typical comp. There are currently 7 similar homes on the market in COLONY MUD, ranging from $469,900 to $699,000. Prices in COLONY MUD have fallen 7.7% 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 3 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