1204 Socorro DR, Austin TX 78734

The market data from 5 similar recent sales in APACHE SHORES points to a value of approximately $729,851. To sell within a reasonable timeframe at fair market value, the $513,000 to $523,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in APACHE SHORES. This home's larger footprint (178 sqft vs the comp average) plays a role in how the market prices it. At 0.57 acres, the lot is larger than the 0.51 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in APACHE SHORES, ranging from $539,900 to $824,990. In APACHE SHORES, home values have fallen approximately 11.2% over the past 6 months. One of the strongest data points is 14219 Hunters PASS, Austin TX 78734, adjusting to $725,960; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group