1905 Cannonwood LN, Austin TX 78745

The estimated value of this property is $542,400, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $413,000 and $423,000. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in CHERRY CREEK. Built in 1966, this home is 5 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. Recent trends in CHERRY CREEK show home values have fallen 8.8% since 6 months ago. The most comparable recent sale is 5813 Gateshead DR, Austin TX 78745, with an adjusted value of $444,905; a strong comparable. Based on 7 relevant data points in CHERRY CREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX