2715 Gettysburg DR, Austin TX 78745

The market data from 4 similar recent sales in CHERRY CREEK points to a value of approximately $432,585. To sell within a reasonable timeframe at fair market value, the $477,000 to $491,000 range is where I'd position this. With 7 comparable homes on the market in CHERRY CREEK, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 2003 construction puts this home 8 years newer than the comp average, a factor in the pricing. At 0.19 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. In CHERRY CREEK, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 9349 Bernoulli DR, Austin TX 78748, adjusting to $477,048; a strong comparable. 4 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