The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $476,628. To sell within a reasonable timeframe at fair market value, the $509,000 to $581,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in CHERRY CREEK. 7 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. In CHERRY CREEK, home values have fallen approximately 6.2% over the past 6 months. One of the strongest data points is 6705 Boleynwood DR, Austin TX 78745, adjusting to $410,835; a strong comparable. 7 comparable transactions in CHERRY CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group