8401 Cumbrae LN, Austin TX 78744

The market data from 3 similar recent sales in ADDISON points to a value of approximately $356,915. To sell within a reasonable timeframe at fair market value, the $387,000 to $443,000 range is where I'd position this. In the current ADDISON market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (106 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.24 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. The active market in ADDISON includes 3 comparable homes priced from $329,900 to $476,900. In ADDISON, home values have fallen approximately 5.9% over the past 6 months. One of the strongest data points is 5801 Monmarte CV, Austin TX 78744, adjusting to $328,143; with a larger floor plan. 3 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