3215 Silk Oak DR, Austin TX 78748

After reviewing 7 recent transactions in CHERRY CREEK, I estimate this property's value at $578,416. A competitive list price for this home right now would fall in the $640,000 to $657,000 range. This pricing would rank the home as the most affordable of 5 comparable homes on the market in CHERRY CREEK's current inventory. At 229 sqft larger than the typical comp, the size difference factors into the valuation. Having a pool is a plus; 7 of the 7 comps lacked one. 5 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Prices in CHERRY CREEK have fallen 7.1% over the last 6 months. A similar home at 8612 Piney Creek BND, Austin TX 78745 carries an adjusted comparable value of $362,161, providing a strong data point. The comp data here (7 sales in CHERRY CREEK) 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