3302 Cherry LN, Austin TX 78703

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,306,010. To generate strong buyer interest while maximizing value, I'd price this between $732,000 and $742,000. Against 3 similar active listings in TOBIN & JOHNSON, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (140 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1947 construction puts this home 5 years newer than the comp average, a factor in the pricing. 3 similar homes are currently available in TOBIN & JOHNSON, creating a seller's market for this price range. The trend in TOBIN & JOHNSON shows prices have fallen 32.8% in the past 6 months. 3310 Enfield RD, Austin TX 78703 nearby adjusts to $946,127; with a larger 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