5503 Driftwood DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $1,670,644. For a well positioned listing in LAKEWOOD, I'd target the $1,721,000 to $1,736,000 range. Against 3 similar active listings in LAKEWOOD, this price point lands at the most expensive of 3 comparable homes on the market. The 1963 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.58 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in LAKEWOOD, ranging from $1,500,000 to $2,175,000. Recent trends in LAKEWOOD show home values have fallen 13.3% since 6 months ago. The most comparable recent sale is 3707 Laurel Ledge LN, Austin TX 78731, with an adjusted value of $1,736,307; a strong comparable. 7 comparable transactions in LAKEWOOD 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