The market data from 5 similar recent sales in APACHE SHORES points to a value of approximately $635,322. To sell within a reasonable timeframe at fair market value, the $616,000 to $654,000 range is where I'd position this. Against 3 similar active listings in APACHE SHORES, this price point lands at the most expensive of 3 comparable homes on the market. This home's larger footprint (174 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, 3 similar properties are competing for buyers in APACHE SHORES, listed between $550,000 and $989,999. In APACHE SHORES, home values have risen approximately 10.5% over the past 6 months. One of the strongest data points is 2302 Rain Water DR, Austin TX 78734, adjusting to $622,295; 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