6408 Sprucewood, Austin TX 78731

Based on 7 closed sales in LAKEWOOD, the data points to a value around $966,915 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,024,000 to $1,025,000. This home's position in the current LAKEWOOD market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (1,049 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1996 (14 years newer than comps) is factored into the value estimate. 7 similar homes are currently available in LAKEWOOD, creating a balanced market for this price range. Market data shows LAKEWOOD prices fallen 13.3% over the last half year. The closest comparable sale, 5604 Blueridge CT, Austin TX 78731 at an adjusted $1,350,441, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in LAKEWOOD. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group