2819 Norfolk DR, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $527,540. To sell within a reasonable timeframe at fair market value, the $569,000 to $597,000 range is where I'd position this. Against 6 similar active listings in CHERRY CREEK, this price point lands at the 3rd most expensive of 6 comparable homes on the market. The 1983 construction puts this home 7 years newer than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. In CHERRY CREEK, home values have risen approximately 3.9% over the past 6 months. One of the strongest data points is 2803 Nordham DR, Austin TX 78745, adjusting to $616,374; 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