1601 Faro DR # 1503, Austin TX 78741

Off Market

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Ed's Opinion of Value

$137,266 Ed's Estimate: $208,323 $337,196

Lowest Comp Recommended List: $214,000 to $223,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $208,323. To generate strong buyer interest while maximizing value, I'd price this between $214,000 and $223,000. Among the similar homes currently available in CHAMBORD CONDO REV, this price point stands out as competitive. With 4 similar homes currently listed in CHAMBORD CONDO REV (a buyer's market), competition is a factor to consider. The trend in 78741 shows prices have fallen 2.3% in the past 6 months. 6208 Carnation TER, Austin TX 78741 nearby adjusts to $164,549; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

78741 Market Trends

$347,000 Median Sold Price ▼ 2.3% 6mo

$255/sqft Median $/SqFt ▼ 7.6% 6mo

75 days Avg Days on Market 6 days faster

118 homes Active Inventory 10.6 mo supply

95.6% Sale-to-List Ratio

67 Sales (6 months)

Recently Sold Comparables

$164,549 adjusted 6208 Carnation TER, Austin TX 78741 2bd / 2.0ba • 962 sqft • 0.7 mi Sold 1 months ago

$188,412 adjusted 4500 E Oltorf ST # 109, Austin TX 78741 2bd / 2.0ba • 1,004 sqft • 0.9 mi Sold 11 months ago

$151,910 adjusted 2450 Wickersham LN # 1601, Austin TX 78741 2bd / 2.0ba • 1,060 sqft • 1 mi Sold 8 months ago

$137,266 adjusted 2450 Wickersham LN # 101, Austin TX 78741 1bd / 1.0ba • 704 sqft • 1 mi Sold 1 months ago

$337,196 adjusted 6010 Club TER, Austin TX 78741 3bd / 1.0ba • 1,056 sqft • 0.6 mi Sold 1 months ago

Currently on Market

$225,000 1601 Faro DR # 2204, Austin TX 78741 2bd / 1.0ba • 900 sqft • 0.1 mi 62 days on market

$225,000 1601 Faro DR # 1402, Austin TX 78741 2bd / 2.0ba • 1,007 sqft • 0.1 mi 109 days on market

$225,000 6115 Carnation TER, Austin TX 78741 3bd / 1.0ba • 890 sqft • 0.6 mi 18 days on market

2 Beds

1 Baths 1 Full

900 Sq Ft

0.134 Acres

1983 Built

About This Property

Open, well-laid out two bedroom with one full bathroom, stainless appliances, lots of light/windows and vaulted ceilings. Quiet, gated established community. Patio overlooks several beautiful live oak trees and green space. Community pool. Easy access to everything just off of Riverside, the next hotspot area on the Eastside! HOA fees are $240/mo PLUS $64.66 for recent special assessment running through 2015 to update the community.Restrictions: Yes Sprinkler Sys:Yes

Features

Bookcases
Breakfast Bar
Cathedral Ceiling(s)
Vaulted Ceiling(s)
No Interior Steps
Primary Bedroom on Main

Location

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Schools

School District Del Valle ISD

Elementary Baty

Middle School John P Ojeda

High School Del Valle

Property Details

Property Type Residential

Flooring Concrete, Laminate, No Carpet, Tile

Cooling Central Air

Heating Central

Exterior No Exterior Steps

County Travis

MLS # 8268452

HOA & Community

HOA Fee $240 /Monthly

HOA Includes Common Area Maintenance, Insurance, Maintenance Structure, Trash

Tax Information

Annual Taxes (MLS) $2,134 (2013)

Listing History

MLS# 8268452 2 days

May 5, 2014	Off Market
Mar 3, 2014	Pending
Mar 1, 2014	Listed	$125,000

Frequently Asked Questions About 1601 Faro DR # 1503, Austin TX 78741

When was 1601 Faro DR # 1503, Austin TX 78741 built?

1601 Faro DR # 1503, Austin TX 78741 was built in 1983.

How much does 1601 Faro DR # 1503, Austin TX 78741 cost?

1601 Faro DR # 1503, Austin TX 78741 sold on May 5, 2014. Contact us for sale price details.

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