Based on 7 closed sales in BEL-AIR, the data points to a value around $247,496 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $268,000 to $274,000. This pricing would rank the home as the most expensive of 3 comparable homes on the market in BEL-AIR's current inventory. At 157 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1975 (13 years older than comps) is factored into the value estimate. 3 similar homes are currently available in BEL-AIR, creating a buyer's market for this price range. Market data shows 76574 prices fallen 5.7% over the last half year. The closest comparable sale, 805 Randall ST, Taylor TX 76574 at an adjusted $283,057, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus