5700 Driftwood DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $827,432. To generate strong buyer interest while maximizing value, I'd price this between $516,000 and $526,000. Against 7 similar active listings in LAKEWOOD, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1959 construction puts this home 12 years older than the comp average, a factor in the pricing. At 0.61 acres, the lot is larger than the 0.39 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in LAKEWOOD, ranging from $547,000 to $1,365,000. The trend in LAKEWOOD shows prices have fallen 12.5% in the past 6 months. 3916 Knollwood DR, Austin TX 78731 nearby adjusts to $653,124; with a larger floor plan. 4 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