2804 Kestrel DR, Austin TX 78745

My analysis of 5 comparable properties puts this home's estimated value at $345,203. Based on how the local market is moving, a list price between $374,000 and $401,000 would position this home well. This would position the home competitively among 6 active listings in CHERRY CREEK. Being 121 sqft smaller than the average comparable sale in this area impacts the per square foot value. The larger lot (0.21 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 6 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. The 6 month price trend in CHERRY CREEK: fallen 7.1%. The best comp here is 3008 Siskin DR, Austin TX 78745 at an adjusted value of $374,386, a strong comparable. The comp data here (5 sales in CHERRY CREEK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus