12425 Enchanted Forest DR, Austin TX 78727

After reviewing 3 recent transactions in ENCHANTED FOREST, I estimate this property's value at $535,074. A competitive list price for this home right now would fall in the $459,000 to $469,000 range. This home's position in the current ENCHANTED FOREST market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being 275 sqft larger than the average comparable sale in this area impacts the per square foot value. At 9 years newer than typical comps, the 2008 build date influences the valuation. Buyers in ENCHANTED FOREST have 7 comparable options right now, with asking prices between $499,000 and $729,000. Prices in 78727 have fallen 8% over the last 6 months. A similar home at 4601 Destinys Gate, Austin TX 78727 carries an adjusted comparable value of $575,075, providing a strong data point. With 3 comparable sales in ENCHANTED FOREST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group