1407 W Lakeland DR, Austin TX 78732

Off Market

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Ed's Opinion of Value

$593,279 Ed's Estimate: $666,756 $2,800,000

Lowest Comp Recommended List: $525,000 to $535,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $666,756. For a well positioned listing in LAKELAND PARK, I'd target the $525,000 to $535,000 range. Against 7 similar active listings in LAKELAND PARK, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Being 251 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1983 construction puts this home 24 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in LAKELAND PARK (a balanced market), competition is a factor to consider. Recent trends in 78732 show home values have risen 10.7% since 6 months ago. The most comparable recent sale is 11601 Shadestone TER, Austin TX 78732, with an adjusted value of $769,575; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

78732 Market Trends

$895,000 Median Sold Price ▲ 10.7% 6mo

$275/sqft Median $/SqFt ▲ 6.2% 6mo

48 days Avg Days on Market 26 days faster

92 homes Active Inventory 3.7 mo supply

96.9% Sale-to-List Ratio

148 Sales (6 months)

Recently Sold Comparables

$769,575 adjusted 11601 Shadestone TER, Austin TX 78732 3bd / 2.0ba • 1,862 sqft • 2.4 mi Sold 4 months ago

$664,335 adjusted 11716 Shadestone TER, Austin TX 78732 3bd / 2.0ba • 1,862 sqft • 2.4 mi Sold 7 months ago

$661,194 adjusted 11712 Red Oak Valley LN, Austin TX 78732 3bd / 2.0ba • 1,862 sqft • 2.6 mi Sold 6 months ago

$653,650 adjusted 1501 E Lakeland DR, Austin TX 78732 3bd / 2.0ba • 3,024 sqft • 0.1 mi Sold 9 months ago

$593,279 adjusted 12701 Tierra Grande TRL, Austin TX 78732 3bd / 2.0ba • 2,045 sqft • 1.1 mi Sold 6 months ago

Currently on Market

$2,800,000 13003 On The Lake RD, Austin TX 78732 2bd / 2.0ba • 1,600 sqft • 0.2 mi 395 days on market

$650,000 1204 Summit Edge DR, Austin TX 78732 3bd / 2.0ba • 1,638 sqft • 0.3 mi 38 days on market

$599,000 1301 S Quinlan Park RD, Austin TX 78732 3bd / 2.0ba • 1,715 sqft • 0.2 mi 117 days on market

3 Beds

2 Baths 2 Full

1,862 Sq Ft

1 Acres

1983 Built

About This Property

Live the lake lifestyle in this beautiful, trendy home with a total of four lots just one block from Lake Austin! Enjoy quiet morning walks to the water and private access to your own waterfront park boat ramp and picnic area. Relax in one of the outdoor living areas including huge lighted decks and fire pit for BBQs. Take in the views of the hills above the water from the various balconies. Features three beds plus a loft which can be a 4th bedroom, two full baths, granite countertops, cathedral ceiling, custom cabinetry and shelving, stainless steel appliances, large parking area, and covered parking (extra tall carport) for boats and trailers, and workshop with electricity, water, and cable. Perfect for full time or VRBO/profitable weekend rental- no short-term rental license needed. Price includes the home on 4 lots. Option to purchase home on 3 lots at 650K. Convenient proximity to restaurants, shopping, and two beautiful lakes! A great find in award-winning Leander ISD. Take the video tour: http://bit.ly/1407WLakelandDrTour

Features

Ceiling Fan(s)
Beamed Ceilings
Cathedral Ceiling(s)
Entrance Foyer
Interior Steps
Recessed Lighting

Location

Map loading...

Schools

School District Leander ISD

Elementary River Ridge

Middle School Canyon Ridge

High School Vandegrift

Property Details

Property Type Residential

Flooring Laminate, Tile

Cooling Central Air

Heating Central, Electric

Exterior Balcony, Boat Ramp, Dock, Exterior Steps, Private Yard

County Travis

MLS # 9183561

Tax Information

Annual Taxes (MLS) $6,260 (2020)

Listing History

MLS# 9183561 27 days (25 CDOM)

Dec 11, 2020	Off Market
Nov 1, 2020	Pending
Oct 7, 2020	Listed	$750,000

Frequently Asked Questions About 1407 W Lakeland DR, Austin TX 78732

When was 1407 W Lakeland DR, Austin TX 78732 built?

1407 W Lakeland DR, Austin TX 78732 was built in 1983.

How much does 1407 W Lakeland DR, Austin TX 78732 cost?

1407 W Lakeland DR, Austin TX 78732 sold on December 11, 2020. Contact us for sale price details.

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