3505 Lakeland DR, Austin TX 78731

Off Market

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Ed's Opinion of Value

$425,000 Ed's Estimate: $718,904 $788,732

Lowest Comp Recommended List: $382,000 to $392,000 Highest Comp

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $718,904. I'd recommend coming to market at $382,000 to $392,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in HIGHLAND PARK WEST. Right now, 5 similar properties are competing for buyers in HIGHLAND PARK WEST, listed between $425,000 and $559,000. The trend in HIGHLAND PARK WEST shows prices have fallen 33% in the past 6 months. 3518 Lakeland DR, Austin TX 78731 nearby adjusts to $732,837; a strong comparable. Based on 3 relevant data points in HIGHLAND PARK WEST, 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

HIGHLAND PARK WEST Market Trends

$1,312,500 Median Sold Price ▼ 33% 6mo

$459/sqft Median $/SqFt ▼ 6.4% 6mo

41 days Avg Days on Market 89 days faster

5 homes Active Inventory 2.1 mo supply

97.4% Sale-to-List Ratio

14 Sales (6 months)

Recently Sold Comparables

$732,837 adjusted 3518 Lakeland DR, Austin TX 78731 3bd / 2.0ba • 1,540 sqft • 0.1 mi Sold 8 months ago

$631,837 adjusted 5110 Valley Oak Dr, Austin TX 78731 3bd / 1.0ba • 1,368 sqft • 0.5 mi Sold 4 months ago

$788,732 adjusted 5207 Valley Oak DR, Austin TX 78731 4bd / 3.0ba • 1,850 sqft • 0.4 mi Sold 5 months ago

Currently on Market

$489,000 4906 Westfield DR, Austin TX 78731 3bd / 2.0ba • 1,550 sqft • 0.9 mi 119 days on market

$559,000 4514 Highland TER, Austin TX 78731 3bd / 1.0ba • 1,536 sqft • 1.2 mi 140 days on market

$425,000 5512 Oakwood CV # 162, Austin TX 78731 3bd / 3.0ba • 1,729 sqft • 0.4 mi 28 days on market

3 Beds

2 Baths

1,612 Sq Ft

0.2493 Acres

1954 Built

About This Property

Wonderful 1950's home located in Highland Park West on a .249 acre tree shaded lot. Ready for updating or new construction. Easy access to everything Austin has to offer. Only a few blocks to Starbucks, Russells Bakery, Grocery Store and dining. Highland Park Elementary, Perry Park and Crenshaw Athletic Club all within walking distance. This is a great opportunity to get into one of Austin's most desirable neighborhoods. Home is very livable and would make a great rental until buyer decides on plans/construction.

Location

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Schools

School District Austin ISD

Elementary Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

Property Details

Property Type Residential

Exterior Private Yard

County Travis

MLS # 5073039

Tax Information

Annual Taxes (MLS) $18,759 (2022)

Listing History

MLS# 5073039 109 days

Nov 22, 2022	Off Market
Nov 6, 2022	Price Change	$680,000
Jul 16, 2022	Listed	$850,000

Frequently Asked Questions About 3505 Lakeland DR, Austin TX 78731

When was 3505 Lakeland DR, Austin TX 78731 built?

3505 Lakeland DR, Austin TX 78731 was built in 1954.

How much does 3505 Lakeland DR, Austin TX 78731 cost?

3505 Lakeland DR, Austin TX 78731 sold on November 22, 2022. Contact us for sale price details.

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