The market data from 7 similar recent sales in APACHE SHORES points to a value of approximately $1,189,635. To sell within a reasonable timeframe at fair market value, the $964,000 to $974,000 range is where I'd position this. Among the similar homes currently available in APACHE SHORES, this price point stands out as competitive. The 1,399 sqft size difference versus comparable sales is reflected in the adjusted values. At 1.30 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. 7 similar homes are currently available in APACHE SHORES, creating a buyer's market for this price range. In APACHE SHORES, home values have risen approximately 2.8% over the past 6 months. One of the strongest data points is 2302 Rain Water DR, Austin TX 78734, adjusting to $744,375; with a smaller floor plan. The 7 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