9300 Lightwood LOOP, Austin TX 78748

The estimated value of this property is $695,218, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $754,000 and $763,000. Against 3 similar active listings in CHERRY CREEK, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 570 sqft larger than the typical comp, the size difference factors into the valuation. The 0.21 acre lot (larger than the 0.18 acre average) is reflected in the estimate. 3 similar homes are currently available in CHERRY CREEK, creating a balanced market for this price range. Recent trends in CHERRY CREEK show home values have fallen 10.2% since 6 months ago. The most comparable recent sale is 3320 Silkgrass BND, Austin TX 78748, with an adjusted value of $623,470; with a smaller floor plan. Based on 7 relevant data points in CHERRY CREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX