913 E 55th 1/2 ST, Austin TX 78751

The market data from 3 similar recent sales in MORNINGSIDE points to a value of approximately $384,696. To sell within a reasonable timeframe at fair market value, the $170,000 to $180,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in MORNINGSIDE. The 1952 construction puts this home 5 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in MORNINGSIDE; a balanced market based on recent absorption. In MORNINGSIDE, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 907 E 54th ST, Austin TX 78751, adjusting to $414,966; a strong comparable. 3 comparable transactions in MORNINGSIDE 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