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 $153,272. I'd recommend coming to market at $107,000 to $117,000 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 (218 sqft vs the comp average) plays a role in how the market prices it. The 0.00 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. The active market in 78741 includes 7 comparable homes priced from $99,900 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 $104,601; 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