5409 Kara DR, Austin TX 78744

The market data from 7 similar recent sales in ADDISON points to a value of approximately $350,465. To sell within a reasonable timeframe at fair market value, the $414,000 to $415,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in ADDISON. 6 similar homes are currently available in ADDISON, creating a buyer's market for this price range. In ADDISON, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 8017 Turnberry LN, Austin TX 78744, adjusting to $343,531; a strong comparable. 7 comparable transactions in ADDISON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group