3211 Cherry LN, Austin TX 78703

The estimated value of this property is $2,598,537, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,928,000 and $1,938,000. Among the similar homes currently available in TOBIN & JOHNSON, this price point stands out as competitive. Being 216 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.22 acre lot (smaller than the 0.26 acre average) is reflected in the estimate. With 7 similar homes currently listed in TOBIN & JOHNSON (a seller's market), competition is a factor to consider. Recent trends in TOBIN & JOHNSON show home values have fallen 32.8% since 6 months ago. The most comparable recent sale is 1904 Meadowbrook DR, Austin TX 78703, with an adjusted value of $2,863,204; with a smaller floor plan. Based on 5 relevant data points in TOBIN & JOHNSON, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX