Reviewing the most recent comparable transactions, this home's market value falls around $636,812. For a well positioned listing in APACHE SHORES, I'd target the $478,000 to $488,000 range. With 7 comparable homes on the market in APACHE SHORES, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (240 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.10 acres, the lot is larger than the 0.67 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 risen 2.8% since 6 months ago. The most comparable recent sale is 14125 Running Deer TRL, Austin TX 78734, with an adjusted value of $685,886; with a smaller floor plan. 4 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
