1601 FARO DR # 103, 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. Among the similar homes currently available in 78741, this price point stands out as competitive. The 0.00 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78741, listed 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. Based on 7 relevant data points in 78741, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX