5908 Gerard DR, Austin TX 78744

The market data from 7 similar recent sales in ADDISON points to a value of approximately $348,142. To sell within a reasonable timeframe at fair market value, the $365,000 to $374,000 range is where I'd position this. Among the similar homes currently available in ADDISON, this price point stands out as competitive. This home's smaller footprint (158 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 4 comparable homes in ADDISON; a balanced market based on recent absorption. In ADDISON, home values have risen approximately 4.5% over the past 6 months. One of the strongest data points is 8301 Dampton LN, Austin TX 78744, adjusting to $382,264; with a larger floor plan. 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