1400 Morgan LN, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $329,649. For a well positioned listing in BANISTER HEIGHTS, I'd target the $208,000 to $218,000 range. Against 7 similar active listings in BANISTER HEIGHTS, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1945 construction puts this home 27 years older than the comp average, a factor in the pricing. At 0.17 acres, the lot is smaller than the 0.60 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in BANISTER HEIGHTS, ranging from $215,000 to $381,000. Recent trends in 78704 show home values have risen 0% since 6 months ago. The most comparable recent sale is 507 Krebs LN, Austin TX 78704, with an adjusted value of $437,294; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group