2913 Lagerway CV, Austin TX 78748

Based on 3 closed sales in CHERRY CREEK, the data points to a value around $410,052 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $336,000 to $346,000. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in CHERRY CREEK's current inventory. This home's larger footprint (104 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.24 acres versus 0.20 for the typical comp. 5 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Market data shows CHERRY CREEK prices risen 5.4% over the last half year. The closest comparable sale, 3005 NORFOLK DR, Austin TX 78745 at an adjusted $404,895, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in CHERRY CREEK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group