1601 FARO # 1804, Austin TX 78741

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $159,343. I'd recommend coming to market at $189,000 to $191,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78741, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. Buyers in 78741 have 7 comparable options right now, with asking prices between $169,900 and $225,000. The trend in 78741 shows prices have fallen 3.2% in the past 6 months. 2450 Wickersham LN # 801, Austin TX 78741 nearby adjusts to $112,369; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group