5612 Gerard DR, Austin TX 78744

Reviewing the most recent comparable transactions, this home's market value falls around $372,669. For a well positioned listing in ADDISON, I'd target the $444,000 to $452,000 range. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in ADDISON. At 0.20 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Buyers in ADDISON have 7 comparable options right now, with asking prices between $300,000 and $565,000. Recent trends in ADDISON show home values have fallen 5.9% since 6 months ago. The most comparable recent sale is 5816 Monmarte CV, Austin TX 78744, with an adjusted value of $350,000; 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