The market data from 5 similar recent sales in APACHE SHORES points to a value of approximately $625,892. To sell within a reasonable timeframe at fair market value, the $496,000 to $506,000 range is where I'd position this. Against 7 similar active listings in APACHE SHORES, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (189 sqft vs the comp average) plays a role in how the market prices it. At 0.25 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in APACHE SHORES, listed between $539,900 and $2,990,000. In APACHE SHORES, home values have fallen approximately 11.2% over the past 6 months. One of the strongest data points is 2302 Rain Water DR, Austin TX 78734, adjusting to $622,237; a strong comparable. 5 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