1513 Morgan LN # B, Austin TX 78704

Based on 7 closed sales in 78704, the data points to a value around $323,989 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $218,000 to $228,000. This would position the home competitively among 7 active listings in 78704. Being built in 2012 (30 years newer than comps) is factored into the value estimate. Lot size matters here: 0.16 acres versus 0.95 for the typical comp. With 7 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 3819 Southway DR # 104, Austin TX 78704 at an adjusted $281,644, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus