3321 Hemlock Ave # 1, Austin TX 78722

The estimated value of this property is $1,079,298, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $758,000 and $768,000. In the current CHERRYWOOD ANNEX market with 4 similar homes available, this price represents the 0th most expensive of 4 comparable homes on the market. Built in 2021, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.17 acre lot (larger than the 0.10 acre average) is reflected in the estimate. 4 similar homes are currently available in CHERRYWOOD ANNEX, creating a buyer's market for this price range. Recent trends in 78722 show home values have fallen 14% since 6 months ago. The most comparable recent sale is 1920 E M Franklin Ave # A, Austin TX 78723, with an adjusted value of $1,004,982; with a larger floor plan. Based on 3 relevant data points in CHERRYWOOD ANNEX, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX