3008 Cherrywood RD, Austin TX 78722

After reviewing 7 recent transactions in FOREST HILLS, I estimate this property's value at $416,399. A competitive list price for this home right now would fall in the $339,000 to $349,000 range. Relative to what's currently available in FOREST HILLS, this home would be the 3rd least expensive of 7 comparable homes on the market. At 38 years older than typical comps, the 1921 build date influences the valuation. Current inventory shows 7 comparable homes in FOREST HILLS; a seller's market based on recent absorption. Prices in FOREST HILLS have fallen 34% over the last 6 months. A similar home at 3003 Dancy ST, Austin TX 78722 carries an adjusted comparable value of $487,978, providing a strong data point. The comp data here (7 sales in FOREST HILLS) 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