2903 Norfolk DR, Austin TX 78745

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $498,830. To sell within a reasonable timeframe at fair market value, the $616,000 to $649,000 range is where I'd position this. Against 7 similar active listings in CHERRY CREEK, this price point lands at the most affordable of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.16 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 2609 MARKET GARDEN LN, Austin TX 78745, adjusting to $437,745; 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