Reviewing the most recent comparable transactions, this home's market value falls around $1,803,019. For a well positioned listing in BELVEDERE, I'd target the $1,850,000 to $2,063,000 range. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in BELVEDERE. At 1.30 acres, the lot is smaller than the 1.39 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in BELVEDERE; a buyer's market based on recent absorption. Recent trends in 78738 show home values have fallen 5.8% since 6 months ago. The most comparable recent sale is 7708 Lynchburg DR, Austin TX 78738, with an adjusted value of $1,846,690; with a pool. 3 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