1601 Faro # 802, Austin TX 78741

Based on 7 closed sales in 78741, the data points to a value around $179,082 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $126,000 to $136,000. Relative to what's currently available in 78741, this home would be the most expensive of 3 comparable homes on the market. This home's smaller footprint (193 sqft vs the comp average) plays a role in how the market prices it. Buyers in 78741 have 3 comparable options right now, with asking prices between $125,000 and $199,000. Market data shows 78741 prices fallen 8.2% over the last half year. The closest comparable sale, 2450 Wickersham LN # 101, Austin TX 78741 at an adjusted $124,897, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78741. 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