The estimated value of this property is $543,874, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $460,000 and $470,000. In the current APACHE SHORES market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 2007, this home is 8 years older than the average comp, which is reflected in the adjustments. The 0.29 acre lot (larger than the 0.20 acre average) is reflected in the estimate. With 3 similar homes currently listed in APACHE SHORES (a buyer's market), competition is a factor to consider. Recent trends in APACHE SHORES show home values have risen 2.8% since 6 months ago. The most comparable recent sale is 2101 Rain Water DR, Austin TX 78734, with an adjusted value of $512,352; 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