1202 W 29th ST, Austin TX 78703

After reviewing 7 recent transactions in BELMONT, I estimate this property's value at $1,752,358. A competitive list price for this home right now would fall in the $1,169,000 to $1,179,000 range. Relative to what's currently available in BELMONT, this home would be the most expensive of 7 comparable homes on the market. The 295 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.27 acres versus the area average of 0.18) contributes to the valuation. Current inventory shows 7 comparable homes in BELMONT; a buyer's market based on recent absorption. Prices in 78703 have fallen 9.3% over the last 6 months. A similar home at 3204 Kerbey LN, Austin TX 78703 carries an adjusted comparable value of $2,178,031, providing a strong data point. With 7 comparable sales in BELMONT, 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