Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,992,202. I'd recommend coming to market at $1,460,000 to $1,470,000 to strike the right balance between value and market velocity. Among the similar homes currently available in BELVEDERE, this price point stands out as competitive. Being 261 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1.82 acre lot (larger than the 1.50 acre average) is reflected in the estimate. There are currently 4 similar homes on the market in BELVEDERE, ranging from $1,499,000 to $2,845,000. The trend in BELVEDERE shows prices have risen 10.9% in the past 6 months. 8701 Bellancia DR, Austin TX 78738 nearby adjusts to $1,842,065; with a smaller floor plan and a pool. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
