5504 Lakemoore DR, Austin TX 78731

The market data from 3 similar recent sales in LAKEWOOD PARK points to a value of approximately $701,590. To sell within a reasonable timeframe at fair market value, the $419,000 to $429,000 range is where I'd position this. Among the similar homes currently available in LAKEWOOD PARK, this price point stands out as competitive. Being 175 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1961 construction puts this home 9 years older than the comp average, a factor in the pricing. 7 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 6303 Shadow Valley DR, Austin TX 78731, adjusting to $872,524; with a larger floor plan. 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