7005 Cherry Meadow, Austin TX 78745

After reviewing 7 recent transactions in CHERRY MEADOWS, I estimate this property's value at $338,938. A competitive list price for this home right now would fall in the $355,000 to $356,000 range. This pricing would rank the home as the 2nd most expensive of 5 comparable homes on the market in CHERRY MEADOWS's current inventory. The smaller floor plan (328 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.14 acres versus the area average of 0.19) contributes to the valuation. The active market in CHERRY MEADOWS includes 5 comparable homes priced from $310,000 to $359,900. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 1705 Cherry Meadow CIR, Austin TX 78745 carries an adjusted comparable value of $206,763, providing a strong data point. With 7 comparable sales in CHERRY MEADOWS, 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