5603 Lakemoore DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $830,336. For a well positioned listing in LAKEWOOD PARK, I'd target the $541,000 to $551,000 range. With 7 comparable homes on the market in LAKEWOOD PARK, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (161 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 2 of 3 comparable sales didn't include one. Right now, 7 similar properties are competing for buyers in LAKEWOOD PARK, listed between $499,000 and $1,300,000. Recent trends in 78731 show home values have fallen 15.8% since 6 months ago. The most comparable recent sale is 7504 Creekbluff DR, Austin TX 78750, with an adjusted value of $800,819; with no pool. 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