5503 Lakemoore DR, Austin TX 78731

The market data from 3 similar recent sales in LAKEWOOD PARK points to a value of approximately $2,724,277. To sell within a reasonable timeframe at fair market value, the $1,248,000 to $1,258,000 range is where I'd position this. Against 6 similar active listings in LAKEWOOD PARK, this price point lands at the 2nd most expensive of 6 comparable homes on the market. At 0.41 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. 6 similar homes are currently available in LAKEWOOD PARK, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 4107 N Hills DR, Austin TX 78731, adjusting to $2,809,082; with a pool. The 3 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