1505 Morgan LN, Austin TX 78704

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $309,279. I'd recommend coming to market at $208,000 to $218,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in BANISTER HEIGHTS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Built in 1940, this home is 34 years older than the average comp, which is reflected in the adjustments. The 0.30 acre lot (smaller than the 0.82 acre average) is reflected in the estimate. The active market in BANISTER HEIGHTS includes 7 comparable homes priced from $215,000 to $381,000. The trend in 78704 shows prices have risen 0.2% in the past 6 months. 1608 Morgan LN, Austin TX 78704 nearby adjusts to $558,653; with a larger floor plan and a pool. Based on 7 relevant data points in BANISTER HEIGHTS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX