After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $309,347. Pricing this home between $318,000 and $328,000 would put it in the competitive sweet spot for ADDISON. Buyers shopping in ADDISON right now would see this as a well positioned option among 3 comparable homes. At 512 sqft smaller than the typical comp, the size difference factors into the valuation. Buyers in ADDISON have 3 comparable options right now, with asking prices between $305,000 and $323,000. Market data shows ADDISON prices fallen 7.6% over the last half year. The closest comparable sale, 8201 McKamy DR, Austin TX 78744 at an adjusted $327,649, is with a larger floor plan. The comp data here (7 sales in ADDISON) 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