824 Banister LN, Austin TX 78704

Based on 7 closed sales in EIGHT HUNDRED BANISTER PLACE, the data points to a value around $249,557 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $334,000 to $353,000. Relative to what's currently available in EIGHT HUNDRED BANISTER PLACE, this home would be the most affordable of 7 comparable homes on the market. Being built in 1980 (9 years newer than comps) is factored into the value estimate. Lot size matters here: 0.05 acres versus 0.80 for the typical comp. With 7 similar homes currently listed in EIGHT HUNDRED BANISTER PLACE (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 2.7% over the last half year. The closest comparable sale, 830 Banister LN, Austin TX 78704 at an adjusted $206,400, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in EIGHT HUNDRED BANISTER PLACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group