5507 Lemonwood DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,045,343. To generate strong buyer interest while maximizing value, I'd price this between $1,288,000 and $1,312,000. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in LAKEWOOD. This home's larger footprint (562 sqft vs the comp average) plays a role in how the market prices it. The 1972 construction puts this home 5 years older than the comp average, a factor in the pricing. With 4 similar homes currently listed in LAKEWOOD (a balanced market), competition is a factor to consider. The trend in LAKEWOOD shows prices have fallen 13.3% in the past 6 months. 5604 Blueridge CT, Austin TX 78731 nearby adjusts to $1,312,487; with a larger floor plan. 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