1503 Morgan LN, Austin TX 78704

Based on 7 closed sales in BANISTER HEIGHTS, the data points to a value around $414,852 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $321,000 to $331,000. Relative to what's currently available in BANISTER HEIGHTS, this home would be the 2nd least expensive of 7 comparable homes on the market. Being built in 1945 (26 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.18 for the typical comp. Buyers in BANISTER HEIGHTS have 7 comparable options right now, with asking prices between $330,000 and $560,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 1608 Morgan LN, Austin TX 78704 at an adjusted $595,103, is with a smaller floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in BANISTER HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group