1513 Morgan LN # B, Austin TX 78704

After reviewing 7 recent transactions in RANGEL, I estimate this property's value at $297,228. A competitive list price for this home right now would fall in the $314,000 to $324,000 range. This would position the home competitively among 3 active listings in RANGEL. At 29 years newer than typical comps, the 2013 build date influences the valuation. The smaller lot (0.38 acres versus the area average of 1.15) contributes to the valuation. Right now, 3 similar properties are competing for buyers in RANGEL, listed between $299,900 and $435,000. Prices in 78704 have fallen 3.5% over the last 6 months. A similar home at 3819 Southway DR # 105, Austin TX 78704 carries an adjusted comparable value of $293,289, providing a strong data point. The comp data here (7 sales in RANGEL) 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