1601 FARO DR # 2303, Austin TX 78741

The market data from 7 similar recent sales in 78741 points to a value of approximately $148,576. To sell within a reasonable timeframe at fair market value, the $107,000 to $117,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78741. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in 78741, ranging from $99,900 to $182,000. In 78741, home values have fallen approximately 8.2% over the past 6 months. One of the strongest data points is 2450 Wickersham LN # 1307, Austin TX 78741, adjusting to $118,394; a strong comparable. 7 comparable transactions in 78741 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group