3307 Silk Oak DR, Austin TX 78748

Based on 4 closed sales in CHERRY CREEK, the data points to a value around $679,485 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $519,000 to $529,000. This home's position in the current CHERRY CREEK market: the 3rd least expensive of 6 comparable homes on the market among comparable properties. This home's larger footprint (176 sqft vs the comp average) plays a role in how the market prices it. Right now, 6 similar properties are competing for buyers in CHERRY CREEK, listed between $475,000 and $850,000. Market data shows CHERRY CREEK prices fallen 7.1% over the last half year. The closest comparable sale, 3214 Silk Oak DR, Austin TX 78748 at an adjusted $761,362, is with a smaller floor plan. The strength of this estimate comes from 4 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