12518 Palfrey, Austin TX 78727

The market data from 3 similar recent sales in RESERVE NORTHWOOD points to a value of approximately $696,412. To sell within a reasonable timeframe at fair market value, the $584,000 to $594,000 range is where I'd position this. Against 3 similar active listings in RESERVE NORTHWOOD, this price point lands at the most expensive of 3 comparable homes on the market. This home's larger footprint (362 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in RESERVE NORTHWOOD, listed between $525,000 and $575,000. In 78727, home values have fallen approximately 8% over the past 6 months. One of the strongest data points is 12419 Enchanted Forest DR, Austin TX 78727, adjusting to $664,314; with a smaller floor plan. 3 comparable transactions in RESERVE NORTHWOOD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group