1002 Morrow # 1, Austin TX 78757

After reviewing 6 recent transactions in NORTHGATE, I estimate this property's value at $757,226. A competitive list price for this home right now would fall in the $640,000 to $650,000 range. This would position the home competitively among 4 active listings in NORTHGATE. At 8 years older than typical comps, the 2008 build date influences the valuation. The larger lot (0.25 acres versus the area average of 0.18) contributes to the valuation. 4 similar homes are currently available in NORTHGATE, creating a buyer's market for this price range. Prices in 78757 have risen 14% over the last 6 months. A similar home at 2203 Richcreek RD # A, Austin TX 78757 carries an adjusted comparable value of $845,190, providing a strong data point. With 6 comparable sales in NORTHGATE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group