12501 Palfrey DR, Austin TX 78727

My analysis of 4 comparable properties puts this home's estimated value at $740,966. Based on how the local market is moving, a list price between $563,000 and $573,000 would position this home well. This home's position in the current RESERVE NORTHWOOD market: the most expensive of 3 comparable homes on the market among comparable properties. The 413 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.20 acres versus the area average of 0.15) contributes to the valuation. Current inventory shows 3 comparable homes in RESERVE NORTHWOOD; a buyer's market based on recent absorption. The 6 month price trend in 78727: fallen 8%. The best comp here is 12606 Palfrey DR, Austin TX 78727 at an adjusted value of $733,780, with a smaller floor plan. With 4 comparable sales in RESERVE NORTHWOOD, 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