1601 Faro DR # 1902, Austin TX 78741

Based on 7 closed sales in CHAMBORD CONDO REV, the data points to a value around $207,691 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $134,000 to $144,000. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in CHAMBORD CONDO REV's current inventory. At 149 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.13 acres versus 0.17 for the typical comp. 7 similar homes are currently available in CHAMBORD CONDO REV, creating a buyer's market for this price range. Market data shows 78741 prices fallen 6.8% over the last half year. The closest comparable sale, 1601 Faro DR # 1402, Austin TX 78741 at an adjusted $198,143, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in CHAMBORD CONDO REV. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group