3301 Silk Oak DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $585,747. For a well positioned listing in CHERRY CREEK, I'd target the $388,000 to $398,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in CHERRY CREEK. The larger floor plan (346 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. Recent trends in CHERRY CREEK show home values have risen 5% since 6 months ago. The most comparable recent sale is 9305 Lightwood LOOP, Austin TX 78748, with an adjusted value of $669,063; with a smaller floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group