1513 Morgan LN # A, Austin TX 78704

My analysis of 3 comparable properties puts this home's estimated value at $451,894. Based on how the local market is moving, a list price between $556,000 and $565,000 would position this home well. Buyers shopping in 78704 right now would see this as a well positioned option among 3 comparable homes. At 7 years older than typical comps, the 1955 build date influences the valuation. The larger lot (0.22 acres versus the area average of 0.18) contributes to the valuation. There are currently 3 similar homes on the market in 78704, ranging from $375,000 to $725,000. The 6 month price trend in 78704: fallen 1.2%. The best comp here is 505 Lightsey RD, Austin TX 78704 at an adjusted value of $556,318, a strong comparable. The comp data here (3 sales in 78704) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus