5507 Lemonwood DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,506,441. To generate strong buyer interest while maximizing value, I'd price this between $1,156,000 and $1,166,000. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in LAKEWOOD. At 0.40 acres, the lot is larger than the 0.37 acre comp average, which factors into 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