17216 MORNING GROVE LN, Austin TX 78738

My analysis of 5 comparable properties puts this home's estimated value at $2,706,506. Based on how the local market is moving, a list price between $2,652,000 and $2,761,000 would position this home well. Relative to what's currently available in MADRONE CANYON, this home would be the 2nd least expensive of 4 comparable homes on the market. At 344 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (0.72 acres versus the area average of 0.77) contributes to the valuation. The active market in MADRONE CANYON includes 4 comparable homes priced from $1,365,000 to $3,195,000. The 6 month price trend in MADRONE CANYON: fallen 1.6%. The best comp here is 5801 Twin Peaks TRCE, Austin TX 78738 at an adjusted value of $2,864,125, a strong comparable. With 5 comparable sales in MADRONE CANYON, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group