1201 Belmont PKWY, Austin TX 78703

The market data from 7 similar recent sales in BELMONT points to a value of approximately $1,988,517. To sell within a reasonable timeframe at fair market value, the $4,013,000 to $4,208,000 range is where I'd position this. In the current BELMONT market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. This home's larger footprint (1,950 sqft vs the comp average) plays a role in how the market prices it. The 1992 construction puts this home 16 years older than the comp average, a factor in the pricing. Buyers in BELMONT have 6 comparable options right now, with asking prices between $3,750,000 and $6,995,000. In 78703, home values have fallen approximately 8.4% over the past 6 months. One of the strongest data points is 1600 W 39th 1/2 ST, Austin TX 78756, adjusting to $1,844,852; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group