407 Cherry Hill DR # 1, Austin TX 78704

Based on 4 closed sales in CHERRY HILLS, the data points to a value around $909,754 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $929,000 to $1,066,000. This would position the home competitively among 5 active listings in CHERRY HILLS. At 126 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 5 comparable homes in CHERRY HILLS; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 4.7% over the last half year. The closest comparable sale, 621 12 Oaks LN, Austin TX 78704 at an adjusted $766,680, is with a smaller floor plan. The strength of this estimate comes from 4 directly comparable sales in CHERRY HILLS. 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