5933 Cherry LOOP, Austin TX 78745

After reviewing 7 recent transactions in CHERRY CREEK EAST, I estimate this property's value at $340,017. A competitive list price for this home right now would fall in the $455,000 to $463,000 range. Relative to what's currently available in CHERRY CREEK EAST, this home would be the 3rd least expensive of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. Current inventory shows 7 comparable homes in CHERRY CREEK EAST; a buyer's market based on recent absorption. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 511 Ramble LN, Austin TX 78745 carries an adjusted comparable value of $455,439, providing a strong data point. With 7 comparable sales in CHERRY CREEK EAST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group