7009 CHERRY MEADOW DR, Austin TX 78745

After reviewing 7 recent transactions in CHERRY MEADOWS, I estimate this property's value at $318,789. A competitive list price for this home right now would fall in the $345,000 to $348,000 range. Relative to what's currently available in CHERRY MEADOWS, this home would be the 2nd most expensive of 6 comparable homes on the market. This home's smaller footprint (424 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.24) contributes to the valuation. The active market in CHERRY MEADOWS includes 6 comparable homes priced from $300,000 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 $191,590, providing a strong data point. The comp data here (7 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