229 Bellagio DR, Austin TX 78734

The market data from 7 similar recent sales in NORTH LAKEWAY points to a value of approximately $618,286. To sell within a reasonable timeframe at fair market value, the $716,000 to $813,000 range is where I'd position this. With 7 comparable homes on the market in NORTH LAKEWAY, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 151 sqft larger than the typical comp, the size difference factors into the valuation. At 0.19 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. With 7 similar homes currently listed in NORTH LAKEWAY (a buyer's market), competition is a factor to consider. In 78734, home values have fallen approximately 10.7% over the past 6 months. One of the strongest data points is 15412 Barrie DR, Austin TX 78734, adjusting to $885,808; a strong comparable. 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