3215 Silkgrass BND, Austin TX 78748

Based on 7 closed sales in CHERRY CREEK, the data points to a value around $611,003 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $481,000 to $491,000. This would position the home competitively among 7 active listings in CHERRY CREEK. This home's larger footprint (561 sqft vs the comp average) plays a role in how the market prices it. 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 7.1% over the last half year. The closest comparable sale, 3320 Silkgrass BND, Austin TX 78748 at an adjusted $596,640, is a strong comparable. The strength of this estimate comes from 7 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