2007 E 8th ST, Austin TX 78702

After reviewing 7 recent transactions in MORSE FRED, I estimate this property's value at $1,106,375. A competitive list price for this home right now would fall in the $1,440,000 to $1,471,000 range. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in MORSE FRED's current inventory. The 690 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.14 acres versus the area average of 0.10) contributes to the valuation. There are currently 7 similar homes on the market in MORSE FRED, ranging from $1,099,000 to $1,989,000. Prices in 78702 have fallen 2.6% over the last 6 months. A similar home at 2004 E 8th ST, Austin TX 78702 carries an adjusted comparable value of $1,086,869, providing a strong data point. With 7 comparable sales in MORSE FRED, 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