Based on what similar homes have actually sold for within a mile, I'd place this property's value at $695,511. I'd recommend coming to market at $675,000 to $716,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in BELTERRA, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 0.32 acre lot (larger than the 0.28 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in BELTERRA, listed between $649,999 and $928,000. The trend in BELTERRA shows prices have risen 1.9% in the past 6 months. 301 Grafton LN, Austin TX 78737 nearby adjusts to $667,782; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group