6402 Sprucewood DR, Austin TX 78731

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,020,669. I'd recommend coming to market at $1,206,000 to $1,233,000 to strike the right balance between value and market velocity. Among the similar homes currently available in LAKEWOOD, this price point stands out as competitive. This home's larger footprint (210 sqft vs the comp average) plays a role in how the market prices it. Built in 1957, this home is 30 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in LAKEWOOD (a buyer's market), competition is a factor to consider. The trend in LAKEWOOD shows prices have fallen 12.5% in the past 6 months. 7011 Quill Leaf CV, Austin TX 78750 nearby adjusts to $736,569; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group