7920 West Gate BLVD # A, Austin TX 78745

The market data from 6 similar recent sales in CHERRY CREEK points to a value of approximately $388,696. To sell within a reasonable timeframe at fair market value, the $215,000 to $225,000 range is where I'd position this. At this price, the property would be the most expensive of 6 comparable homes on the market comparable homes currently on the market in CHERRY CREEK. The smaller floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.20 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in CHERRY CREEK; a balanced market based on recent absorption. In CHERRY CREEK, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 8406 Siskin CV, Austin TX 78745, adjusting to $313,342; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group