After reviewing 3 recent transactions in BELVEDERE, I estimate this property's value at $2,047,162. A competitive list price for this home right now would fall in the $1,986,000 to $2,109,000 range. Relative to what's currently available in BELVEDERE, this home would be the most affordable of 5 comparable homes on the market. Being 131 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (1.32 acres versus the area average of 1.39) contributes to the valuation. Buyers in BELVEDERE have 5 comparable options right now, with asking prices between $1,899,000 and $2,995,000. Prices in 78738 have fallen 5.8% over the last 6 months. A similar home at 7708 Lynchburg DR, Austin TX 78738 carries an adjusted comparable value of $2,094,211, providing a strong data point. The comp data here (3 sales in BELVEDERE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus