5909 West Gate BLVD, Austin TX 78745

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $505,878. I'd recommend coming to market at $568,000 to $591,000 to strike the right balance between value and market velocity. Against 3 similar active listings in CHERRY CREEK, this price point lands at the 2nd most expensive of 3 comparable homes on the market. Built in 1992, this home is 7 years newer than the average comp, which is reflected in the adjustments. The 0.34 acre lot (larger than the 0.25 acre average) is reflected in the estimate. With 3 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. The trend in CHERRY CREEK shows prices have risen 7.4% in the past 6 months. 6303 Bexton CIR, Austin TX 78745 nearby adjusts to $544,131; a strong comparable. Based on 6 relevant data points in CHERRY CREEK, 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