8301 Verde Mesa CV, Austin TX 78738

After reviewing 3 recent transactions in BELVEDERE, I estimate this property's value at $1,795,671. A competitive list price for this home right now would fall in the $1,348,000 to $1,358,000 range. This home's position in the current BELVEDERE market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. The smaller lot (1.03 acres versus the area average of 1.18) contributes to the valuation. Current inventory shows 5 comparable homes in BELVEDERE; a buyer's market based on recent absorption. Prices in 78738 have fallen 4.5% over the last 6 months. A similar home at 7708 Lynchburg DR, Austin TX 78738 carries an adjusted comparable value of $1,939,884, 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