5701 Driftwood DR, Austin TX 78731

After reviewing 7 recent transactions in LAKEWOOD, I estimate this property's value at $864,340. A competitive list price for this home right now would fall in the $597,000 to $607,000 range. Buyers shopping in LAKEWOOD right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. At 20 years newer than typical comps, the 2000 build date influences the valuation. Current inventory shows 7 comparable homes in LAKEWOOD; a buyer's market based on recent absorption. Prices in LAKEWOOD have fallen 25.1% over the last 6 months. A similar home at 6501 Robbie Creek CV, Austin TX 78750 carries an adjusted comparable value of $895,359, providing a strong data point. 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