9308 Tea Rose TRL, Austin TX 78748

The market data from 7 similar recent sales in CHERRY CREEK points to a value of approximately $676,832. To sell within a reasonable timeframe at fair market value, the $714,000 to $740,000 range is where I'd position this. In the current CHERRY CREEK market with 6 similar homes available, this price represents the 3rd most expensive of 6 comparable homes on the market. Being 383 sqft larger than the average comparable sale in this area impacts the per square foot value. With 6 similar homes currently listed in CHERRY CREEK (a balanced market), competition is a factor to consider. In CHERRY CREEK, home values have fallen approximately 7.1% over the past 6 months. One of the strongest data points is 3320 Silkgrass BND, Austin TX 78748, adjusting to $589,873; a strong comparable. The 7 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