5501 Loma Alta DR, Austin TX 78744

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $374,219. I'd recommend coming to market at $323,000 to $333,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in ADDISON. The larger floor plan (205 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 7 similar properties are competing for buyers in ADDISON, listed between $325,000 and $490,900. The trend in ADDISON shows prices have risen 0.7% in the past 6 months. 8108 Turnberry LN, Austin TX 78744 nearby adjusts to $349,617; with a smaller floor plan. Based on 4 relevant data points in ADDISON, 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