1509 Bellaire DR, Austin TX 78741

Reviewing the most recent comparable transactions, this home's market value falls around $1,748,318. For a well positioned listing in ELMHURST HEIGHTS, I'd target the $1,308,000 to $1,318,000 range. With 7 comparable homes on the market in ELMHURST HEIGHTS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (740 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1956 construction puts this home 14 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in ELMHURST HEIGHTS (a buyer's market), competition is a factor to consider. Recent trends in 78741 show home values have fallen 8.2% since 6 months ago. The most comparable recent sale is 1617 Elmhurst DR, Austin TX 78741, with an adjusted value of $755,738; with a smaller floor plan. 7 comparable transactions in ELMHURST HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group