519 & 601 Thrasher LN, Austin TX 78741

The market data from 7 similar recent sales in MORIN points to a value of approximately $286,070. To sell within a reasonable timeframe at fair market value, the $206,000 to $216,000 range is where I'd position this. Among the similar homes currently available in MORIN, this price point stands out as competitive. The 1946 construction puts this home 40 years older than the comp average, a factor in the pricing. At 1.99 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in MORIN; a buyer's market based on recent absorption. In 78741, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 6311 Del Monte RD, Austin TX 78741, adjusting to $204,093; with a smaller floor plan. 7 comparable transactions in MORIN support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group