The market data from 7 similar recent sales in BELVEDERE points to a value of approximately $2,079,786. To sell within a reasonable timeframe at fair market value, the $1,555,000 to $1,565,000 range is where I'd position this. Among the similar homes currently available in BELVEDERE, this price point stands out as competitive. The larger floor plan (449 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 1 of 7 comparable sales didn't include one. With 6 similar homes currently listed in BELVEDERE (a buyer's market), competition is a factor to consider. In BELVEDERE, home values have risen approximately 34.8% over the past 6 months. One of the strongest data points is 7709 Lynchburg DR, Austin TX 78738, adjusting to $2,083,672; with a larger floor plan. 7 comparable transactions in BELVEDERE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
