The estimated value of this property is $441,064, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $263,000 and $273,000. With 6 comparable homes on the market in APACHE SHORES, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (133 sqft vs the comp average) plays a role in how the market prices it. Built in 2006, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 6 comparable homes in APACHE SHORES; a buyer's market based on recent absorption. Recent trends in APACHE SHORES show home values have risen 2.8% since 6 months ago. The most comparable recent sale is 14303 Hunters PASS, Austin TX 78734, with an adjusted value of $466,575; a strong comparable. With 7 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
