7801 Lowdes DR, Austin TX 78745

After reviewing 3 recent transactions in CHERRY CREEK, I estimate this property's value at $648,323. A competitive list price for this home right now would fall in the $772,000 to $897,000 range. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in CHERRY CREEK's current inventory. At 187 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.21 acres versus the area average of 0.17) contributes to the valuation. There are currently 4 similar homes on the market in CHERRY CREEK, ranging from $535,000 to $900,000. Prices in CHERRY CREEK have fallen 6.4% over the last 6 months. A similar home at 2605 Roehampton DR, Austin TX 78745 carries an adjusted comparable value of $771,518, providing a strong data point. With 3 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