The market data from 7 similar recent sales in BELVEDERE points to a value of approximately $925,606. To sell within a reasonable timeframe at fair market value, the $1,080,000 to $1,128,000 range is where I'd position this. Among the similar homes currently available in BELVEDERE, this price point stands out as competitive. The 2011 construction puts this home 6 years older than the comp average, a factor in the pricing. At 1.24 acres, the lot is larger than the 0.51 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in BELVEDERE, listed between $1,099,000 and $1,750,000. In BELVEDERE, home values have risen approximately 34.8% over the past 6 months. One of the strongest data points is 8716 Bellancia DR, Austin TX 78738, adjusting to $1,628,891; with a larger floor plan and a pool. 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