8609 Cumbrae LN, Austin TX 78744

The market data from 6 similar recent sales in ADDISON points to a value of approximately $332,769. To sell within a reasonable timeframe at fair market value, the $337,000 to $347,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in ADDISON. This home's smaller footprint (280 sqft vs the comp average) plays a role in how the market prices it. 7 similar homes are currently available in ADDISON, creating a buyer's market for this price range. In ADDISON, home values have fallen approximately 7.5% over the past 6 months. One of the strongest data points is 8201 McKamy DR, Austin TX 78744, adjusting to $347,178; a strong comparable. 6 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