1702 Cannonwood LN, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $450,972. For a well positioned listing in CHERRY CREEK, I'd target the $299,000 to $309,000 range. Among the similar homes currently available in CHERRY CREEK, this price point stands out as competitive. This home's smaller footprint (178 sqft vs the comp average) plays a role in how the market prices it. At 0.23 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. 7 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Recent trends in CHERRY CREEK show home values have risen 3.9% since 6 months ago. The most comparable recent sale is 1906 Parkside LN, Austin TX 78745, with an adjusted value of $433,302; with a larger floor plan. The 3 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