Based on 3 closed sales in BELVEDERE, the data points to a value around $3,013,738 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,923,000 to $3,104,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in BELVEDERE's current inventory. The larger floor plan (1,766 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2022 (6 years newer than comps) is factored into the value estimate. There are currently 2 similar homes on the market in BELVEDERE, ranging from $5,875,000 to $8,500,000. Market data shows BELVEDERE prices risen 10.9% over the last half year. The closest comparable sale, 18216 Flagler DR, Austin TX 78738 at an adjusted $3,580,595, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in BELVEDERE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group