Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $214,471. I'd recommend coming to market at $138,000 to $148,000 to strike the right balance between value and market velocity. Among the similar homes currently available in BEL-AIR, this price point stands out as competitive. The 0.17 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. The active market in BEL-AIR includes 3 comparable homes priced from $150,000 to $219,000. The trend in 76574 shows prices have fallen 3.5% in the past 6 months. 709 Drake LN, Taylor TX 76574 nearby adjusts to $129,037; with a smaller floor plan. Based on 4 relevant data points in BEL-AIR, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX