341 Monarch LN, Austin TX 78737

The estimated value of this property is $837,026, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $892,000 and $894,000. In the current BELTERRA market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. At 108 sqft larger than the typical comp, the size difference factors into the valuation. The 0.39 acre lot (larger than the 0.34 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in BELTERRA; a balanced market based on recent absorption. Recent trends in BELTERRA show home values have fallen 9.6% since 6 months ago. The most comparable recent sale is 136 Eaton LN, Austin TX 78737, with an adjusted value of $841,776; 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