8616 Cumbrae LN, Austin TX 78744

The market data from 3 similar recent sales in ADDISON points to a value of approximately $320,848. To sell within a reasonable timeframe at fair market value, the $384,000 to $404,000 range is where I'd position this. With 7 comparable homes on the market in ADDISON, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (240 sqft compared to the average comp) is a meaningful differentiator in this price range. 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 5801 Monmarte CV, Austin TX 78744, adjusting to $302,880; 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