6207 Pennwood LN, Austin TX 78745

The comparable sales data (7 recent transactions in CHERRY CREEK) supports an estimated value of $459,976. The data suggests a list price between $345,000 and $355,000 would attract qualified buyers without leaving money on the table. This home's position in the current CHERRY CREEK market: the most expensive of 4 comparable homes on the market among comparable properties. Lot size matters here: 0.26 acres versus 0.17 for the typical comp. With 4 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. Prices in CHERRY CREEK have fallen 2% over the last 6 months. A similar home at 2404 Aldford DR, Austin TX 78745 carries an adjusted comparable value of $336,040, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in CHERRY CREEK. 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