402 Cherry Hill DR, Austin TX 78704

The estimated value of this property is $618,338, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $809,000 and $814,000. With 3 comparable homes on the market in CHERRY HILLS, this price positions the property as the most affordable of 3 comparable homes on the market. At 338 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1961, this home is 10 years older than the average comp, which is reflected in the adjustments. 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 504 Chihuahua TRL, Austin TX 78745, with an adjusted value of $560,155; a strong comparable. Based on 4 relevant data points in CHERRY HILLS, 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