5509 Lemonwood DR, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $969,876. Based on how the local market is moving, a list price between $950,000 and $989,000 would position this home well. This home's position in the current LAKEWOOD market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 25 years newer than typical comps, the 2008 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.36) contributes to the valuation. The active market in LAKEWOOD includes 7 comparable homes priced from $850,000 to $1,690,000. The 6 month price trend in LAKEWOOD: risen 13.3%. The best comp here is 7716 Lakewood DR, Austin TX 78750 at an adjusted value of $845,538, with a smaller floor plan. The comp data here (7 sales in LAKEWOOD) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus