Reviewing the most recent comparable transactions, this home's market value falls around $375,036. For a well positioned listing in APACHE SHORES, I'd target the $305,000 to $315,000 range. Against 2 similar active listings in APACHE SHORES, this price point lands at the most expensive of 2 comparable homes on the market. Being 856 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.22 acres, the lot is smaller than the 0.30 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in APACHE SHORES, listed between $299,000 and $549,500. Recent trends in APACHE SHORES show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 14303 Hunters PASS, Austin TX 78734, with an adjusted value of $404,206; with a larger 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