1604 MORGAN LN LN # B, Austin TX 78704

Based on 7 closed sales in BANISTER HEIGHTS, the data points to a value around $474,944 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $404,000 to $414,000. Relative to what's currently available in BANISTER HEIGHTS, this home would be the 4th most expensive of 7 comparable homes on the market. Being built in 1997 (8 years newer than comps) is factored into the value estimate. Lot size matters here: 0.19 acres versus 0.11 for the typical comp. Current inventory shows 7 comparable homes in BANISTER HEIGHTS; a buyer's market based on recent absorption. 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 $705,783, is with a pool. 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