5601 Gerard DR, Austin TX 78744

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $385,277. I'd recommend coming to market at $397,000 to $456,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in ADDISON, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. Being 126 sqft larger than the average comparable sale in this area impacts the per square foot value. Buyers in ADDISON have 6 comparable options right now, with asking prices between $330,000 and $535,000. The trend in ADDISON shows prices have fallen 7.5% in the past 6 months. 5813 Kara DR, Austin TX 78744 nearby adjusts to $375,000; a strong comparable. Based on 7 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