Reviewing the most recent comparable transactions, this home's market value falls around $1,898,186. For a well positioned listing in BELVEDERE, I'd target the $1,841,000 to $1,955,000 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 7 years older than the comp average, a factor in the pricing. At 1.30 acres, the lot is smaller than the 1.36 acre comp average, which factors into 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 risen 10.9% since 6 months ago. The most comparable recent sale is 7708 Lynchburg DR, Austin TX 78738, with an adjusted value of $1,846,669; with a pool. 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