2501 Velasquez DR, Austin TX 78703

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $5,375,605. I'd recommend coming to market at $6,892,000 to $6,930,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in BELLO VISTA, this price positions the property as the most affordable of 2 comparable homes on the market. This home's larger footprint (442 sqft vs the comp average) plays a role in how the market prices it. Built in 1983, this home is 10 years older than the average comp, which is reflected in the adjustments. Buyers in BELLO VISTA have 2 comparable options right now, with asking prices between $6,495,000 and $7,425,000. The trend in 78703 shows prices have risen 7.1% in the past 6 months. 13 Niles RD, Austin TX 78703 nearby adjusts to $5,132,103; with a larger floor plan. 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