5608 Bonneville BND, Austin TX 78744

After reviewing 3 recent transactions in ADDISON, I estimate this property's value at $391,584. A competitive list price for this home right now would fall in the $616,000 to $624,000 range. This home's position in the current ADDISON market: the most affordable of 7 comparable homes on the market among comparable properties. Being 588 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.29 acres versus the area average of 0.19) contributes to the valuation. With 7 similar homes currently listed in ADDISON (a buyer's market), competition is a factor to consider. Prices in ADDISON have fallen 7.6% over the last 6 months. A similar home at 5701 Gerard DR, Austin TX 78744 carries an adjusted comparable value of $378,031, providing a strong data point. With 3 comparable sales in ADDISON, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group