8116 Magnolia Ridge CV, Austin TX 78738

My analysis of 3 comparable properties puts this home's estimated value at $2,017,105. Based on how the local market is moving, a list price between $1,644,000 and $1,654,000 would position this home well. This pricing would rank the home as the 2nd most expensive of 5 comparable homes on the market in BELVEDERE's current inventory. The smaller lot (1.10 acres versus the area average of 1.24) contributes to the valuation. With 5 similar homes currently listed in BELVEDERE (a buyer's market), competition is a factor to consider. The 6 month price trend in BELVEDERE: risen 20.1%. The best comp here is 8309 Verde Mesa CV, Austin TX 78738 at an adjusted value of $1,804,044, with a pool. With 3 comparable sales in BELVEDERE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group