901 E 55 1/2 ST, Austin TX 78751

After reviewing 4 recent transactions in MORNINGSIDE, I estimate this property's value at $725,914. A competitive list price for this home right now would fall in the $602,000 to $612,000 range. Relative to what's currently available in MORNINGSIDE, this home would be the most expensive of 7 comparable homes on the market. At 9 years older than typical comps, the 1920 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.15) contributes to the valuation. 7 similar homes are currently available in MORNINGSIDE, creating for this price range. Prices in MORNINGSIDE have fallen 3.4% over the last 6 months. A similar home at 5304 Bennett Ave, Austin TX 78751 carries an adjusted comparable value of $859,391, providing a strong data point. With 4 comparable sales in MORNINGSIDE, 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