1505 W Lakeland DR, Austin TX 78732

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $593,474. I'd recommend coming to market at $589,000 to $616,000 to strike the right balance between value and market velocity. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in LAKELAND PARK. The smaller floor plan (1,007 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2002, this home is 8 years older than the average comp, which is reflected in the adjustments. The trend in 78732 shows prices have risen 4.1% in the past 6 months. 1501 E Lakeland DR, Austin TX 78732 nearby adjusts to $616,400; with a larger floor plan. Based on 7 relevant data points in LAKELAND PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX