Reviewing the most recent comparable transactions, this home's market value falls around $1,271,183. For a well positioned listing in CHERRY HILLS, I'd target the $1,779,000 to $1,828,000 range. In the current CHERRY HILLS market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The larger floor plan (1,763 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2018 construction puts this home 26 years newer than the comp average, a factor in the pricing. 3 similar homes are currently available in CHERRY HILLS, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 400 Krebs LN, Austin TX 78704, with an adjusted value of $1,778,574; with a smaller floor plan. The 7 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
