113 Bellagio DR, Austin TX 78734

My analysis of 7 comparable properties puts this home's estimated value at $593,420. Based on how the local market is moving, a list price between $654,000 and $656,000 would position this home well. This home's position in the current NORTH LAKEWAY market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. This home's larger footprint (166 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.17 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 5 comparable homes in NORTH LAKEWAY; a buyer's market based on recent absorption. The 6 month price trend in 78734: fallen 5.8%. The best comp here is 804 San Remo BLVD # 26B, Lakeway TX 78734 at an adjusted value of $471,571, with a smaller floor plan. With 7 comparable sales in NORTH LAKEWAY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group