7717 Lynchburg DR, Austin TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $1,937,740. For a well positioned listing in BELVEDERE, I'd target the $1,286,000 to $1,296,000 range. At this price, the property would be the 2nd most expensive of 5 comparable homes on the market comparable homes currently on the market in BELVEDERE. The 2006 construction puts this home 8 years older than the comp average, a factor in the pricing. At 1.30 acres, the lot is smaller than the 1.38 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in BELVEDERE; a balanced market based on recent absorption. Recent trends in BELVEDERE show home values have fallen 13.8% since 6 months ago. The most comparable recent sale is 8040 Carlton Ridge CV, Austin TX 78738, with an adjusted value of $1,812,974; a strong comparable. 4 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