The estimated value of this property is $578,058, based on 6 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $577,000 and $634,000. With 5 comparable homes on the market in APACHE SHORES, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The larger floor plan (189 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in APACHE SHORES; a buyer's market based on recent absorption. Recent trends in APACHE SHORES show home values have risen 1% since 6 months ago. The most comparable recent sale is 2302 Jacks PASS, Austin TX 78734, with an adjusted value of $568,074; with a larger floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group