2802 Bobby LN, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $412,577. To sell within a reasonable timeframe at fair market value, the $351,000 to $361,000 range is where I'd position this. Among the similar homes currently available in CHERRY CREEK, this price point stands out as competitive. The 1988 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.19 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 4 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. In CHERRY CREEK, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 8802 Peppergrass CV, Austin TX 78745, adjusting to $239,104; a strong comparable. 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