3201 Silkgrass BND, Austin TX 78748

Based on 6 closed sales in CHERRY CREEK, the data points to a value around $551,683 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $443,000 to $453,000. This home's position in the current CHERRY CREEK market: the 4th most expensive of 7 comparable homes on the market among comparable properties. Lot size matters here: 0.24 acres versus 0.20 for the typical comp. With 7 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. Market data shows CHERRY CREEK prices fallen 4.4% over the last half year. The closest comparable sale, 3308 Silk Oak DR, Austin TX 78748 at an adjusted $588,988, is a strong comparable. This estimate draws on 6 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus