1601 FARO DR # 2402, Austin TX 78741

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $140,003. I'd recommend coming to market at $137,000 to $143,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78741, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (245 sqft vs the comp average) plays a role in how the market prices it. Built in 1983, this home is 17 years older than the average comp, which is reflected in the adjustments. The active market in 78741 includes 7 comparable homes priced from $124,500 to $182,000. The trend in 78741 shows prices have fallen 8.2% in the past 6 months. 2450 Wickersham LN # 101, Austin TX 78741 nearby adjusts to $104,593; a strong comparable. With 7 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