5512 Loma Alta DR, Austin TX 78744

After reviewing 6 recent transactions in ADDISON, I estimate this property's value at $298,454. A competitive list price for this home right now would fall in the $314,000 to $326,000 range. Relative to what's currently available in ADDISON, this home would be the 2nd most expensive of 3 comparable homes on the market. Being 275 sqft smaller than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.00 acres versus the area average of 0.11) contributes to the valuation. The active market in ADDISON includes 3 comparable homes priced from $253,000 to $322,900. Prices in ADDISON have fallen 7.5% over the last 6 months. A similar home at 8201 McKamy DR, Austin TX 78744 carries an adjusted comparable value of $313,905, providing a strong data point. The comp data here (6 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