7717 Lynchburg DR, Austin TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $1,887,778. For a well positioned listing in BELVEDERE, I'd target the $1,850,000 to $1,926,000 range. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in BELVEDERE. The 2006 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in BELVEDERE; a buyer's market based on recent absorption. Recent trends in BELVEDERE show home values have fallen 5.5% since 6 months ago. The most comparable recent sale is 8040 Carlton Ridge CV, Austin TX 78738, with an adjusted value of $1,813,136; a strong comparable. 5 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