1601 FARO DR, Austin TX 78741

My analysis of 7 comparable properties puts this home's estimated value at $135,396. Based on how the local market is moving, a list price between $133,000 and $138,000 would position this home well. Buyers shopping in 78741 right now would see this as a well positioned option among 7 comparable homes. The smaller lot (0.00 acres versus the area average of 0.05) contributes to the valuation. Buyers in 78741 have 7 comparable options right now, with asking prices between $124,500 and $389,900. The 6 month price trend in 78741: fallen 8.3%. The best comp here is 2450 Wickersham LN # 1307, Austin TX 78741 at an adjusted value of $119,281, a strong comparable. With 7 comparable sales in 78741, 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