6905 Cherry Meadow DR, Austin TX 78745

After reviewing 4 recent transactions in CHERRY MEADOWS, I estimate this property's value at $399,297. A competitive list price for this home right now would fall in the $311,000 to $321,000 range. This home's position in the current CHERRY MEADOWS market: the most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (150 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.13 acres versus the area average of 0.17) contributes to the valuation. There are currently 7 similar homes on the market in CHERRY MEADOWS, ranging from $315,000 to $425,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 2329 Campden DR, Austin TX 78745 carries an adjusted comparable value of $549,660, providing a strong data point. The comp data here (4 sales in CHERRY MEADOWS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus