6615 Lancret Hill DR, Austin TX 78745

After reviewing 7 recent transactions in CHERRY CREEK, I estimate this property's value at $614,985. A competitive list price for this home right now would fall in the $603,000 to $627,000 range. Relative to what's currently available in CHERRY CREEK, this home would be the 2nd least expensive of 6 comparable homes on the market. This home's larger footprint (140 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 6 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. Prices in CHERRY CREEK have fallen 1.1% over the last 6 months. A similar home at 6609 Krollton DR, Austin TX 78745 carries an adjusted comparable value of $569,249, providing a strong data point. 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