1601 FARO DR # 1404, Austin TX 78741

My analysis of 7 comparable properties puts this home's estimated value at $170,812. Based on how the local market is moving, a list price between $200,000 and $201,000 would position this home well. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in 78741's current inventory. The smaller lot (0.00 acres versus the area average of 0.09) contributes to the valuation. Buyers in 78741 have 7 comparable options right now, with asking prices between $164,500 and $225,000. The 6 month price trend in 78741: fallen 6.8%. The best comp here is 1601 Faro DR # 1402, Austin TX 78741 at an adjusted value of $218,730, 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