6102 Pennwood LN, Austin TX 78745

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $474,573. Pricing this home between $465,000 and $477,000 would put it in the competitive sweet spot for CHERRY CREEK. This would position the home competitively among 5 active listings in CHERRY CREEK. The larger lot (0.21 acres versus the area average of 0.18) contributes to the valuation. 5 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Market data shows CHERRY CREEK prices fallen 9.8% over the last half year. The closest comparable sale, 1906 Parkside LN, Austin TX 78745 at an adjusted $477,446, is a strong comparable. With 7 comparable sales in CHERRY CREEK, 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