1601 Faro DR # 2202, Austin TX 78741

The estimated value of this property is $209,884, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $164,000 and $174,000. In the current CHAMBORD CONDO REV market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Being 112 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1983, this home is 7 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in CHAMBORD CONDO REV, listed between $159,000 and $380,000. Recent trends in 78741 show home values have fallen 4.3% since 6 months ago. The most comparable recent sale is 1601 Faro DR # 1402, Austin TX 78741, with an adjusted value of $198,143; with a larger floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group