5601 Driftwood DR, Austin TX 78731

After reviewing 3 recent transactions in LAKEWOOD, I estimate this property's value at $726,072. A competitive list price for this home right now would fall in the $350,000 to $360,000 range. This would position the home competitively among 7 active listings in LAKEWOOD. The 234 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.47 acres versus the area average of 0.34) contributes to the valuation. Current inventory shows 7 comparable homes in LAKEWOOD; a buyer's market based on recent absorption. Prices in LAKEWOOD have fallen 0.2% over the last 6 months. A similar home at 6321 Lakewood DR, Austin TX 78731 carries an adjusted comparable value of $752,895, providing a strong data point. The comp data here (3 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