Reviewing the most recent comparable transactions, this home's market value falls around $605,472. For a well positioned listing in APACHE SHORES, I'd target the $529,000 to $539,000 range. With 7 comparable homes on the market in APACHE SHORES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 2005 construction puts this home 5 years older than the comp average, a factor in the pricing. At 1.10 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. With 7 similar homes currently listed in APACHE SHORES (a buyer's market), competition is a factor to consider. Recent trends in APACHE SHORES show home values have fallen 12.6% since 6 months ago. The most comparable recent sale is 2205 Jacks PASS, Austin TX 78734, with an adjusted value of $550,459; a strong comparable. 7 comparable transactions in APACHE SHORES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
